30-Oct-2026 17:22:03
MANIPALHOSGeneral news
MANIPALHOS : SUBSIDIARY GETS GST DEMAND WORTH RS 4.23 CR; NO MATERIAL IMPACT
• Manipal Hospitals Eastern India (formerly Medica Hospitals), a subsidiary, received two GST orders dated Aug 14 and Sep 11, 2026 from Kolkata Large Taxpayers Unit • Joint Commissioner order u/s 76(3) for FY22 confirms ₹4.23 Cr demand on drugs/consumables to inpatients plus equal ₹4.23 Cr penalty • Additional Commissioner (Appeal) order confirms ₹3.78 Cr demand for FY20 on input tax credit and outward supply issues plus ₹37.75 L penalty • Company states no material impact on financials or operations; both orders are appealable and will be appealed Impact: Neutral (GST demands disclosed under Reg 30; management cites no material financial impact)
Manipal Health Enterprises Ltd
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