Star Health and Allied Insurance Company Limited on Tuesday said, a fresh show cause notice has been issued by the GST for Rs. 66.7 crore.
In a regulatory filing, the standalone insurer said, two orders amounting to Rs. 17.9 crore and around Rs. 103.7 crore respectively, were received from the GST authorities, Tamil Nadu for the years 2018-19 and 2019-20, wherein the authorities have disputed input tax credit (ITC) availed and utilised by the company.
An appeal was filed with the commissioner appeals against the order amounting to Rs. 17.9 crore and the hearing is in progress.
The company had filed a writ petition with the Madras High Court against the order passed amounting to Rs. 103.7 crore and the Court set aside the order passed by the GST department and directed to pass a fresh order, it added. The department has issued a fresh show cause notice determining the amount payable to be Rs. 66.7 crore and the company replied against the fresh show cause notice. Star Health has been advised by it legal counsel that liability may not arise, the filing in the stock exchange further said.
Read more at: The Times of India
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