Star Health hit with ₹75 lakh penalty over alleged GST violations

Star Health and Allied Insurance Company has received an order from the Office of the Joint Commissioner of State Goods & Service Tax, Uttar Pradesh, imposing a penalty of INR 75,27,772.28. The penalty stems from an alleged excess Input Tax Credit (ITC) availed and a difference in turnover, contravening Section 73 of the Central Goods and Services Tax Act, 2017. The period under scrutiny is April 2021 to March 2022.

The company received the order on December 26, 2025, and believes it has a strong case to defend the matter. Based on legal counsel's advice, Star Health plans to file an appeal or writ petition with the appropriate authorities.

Despite the penalty, the company does not foresee any material impact on its financial, operational, or other activities, and believes liability is unlikely to arise. This disclosure aligns with Regulation 30 of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.