Narayana Hrudayalaya faces GST penalty of INR 2.46m

Narayana Hrudayalaya Limited announced on December 2, 2025, that it has received an order from the Office of the Deputy Commissioner, Bengaluru, imposing a Goods and Services Tax (GST) penalty. The order, issued under Section 73 of the IGST/SGST/CGST Act, 2017, levies a penalty of INR 2,462,172.

The penalty stems from alleged non-payment of GST amounting to INR 24,527,710 on revenue exempted from GST for healthcare services during the financial year 2021-22. The order also includes imposed interest. Narayana Hrudayalaya stated it had submitted documents to the authority to establish the non-applicability of GST on the exempted revenue.

The company plans to appeal the order before the relevant appellate authority, challenging the deputy commissioner's decision. Despite the penalty, Narayana Hrudayalaya anticipates no material impact on its financial performance or operations.