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Max Healthcare Institute Ltd ( (IN:MAXHEALTH) ) just unveiled an announcement.
Max Healthcare Institute Ltd has disclosed that it has received an order from the Office of the GST Officer, Department of Trade and Taxes, Government of NCT of Delhi, alleging excess availment of input tax credit. The order raises a GST demand of ₹33.66 crore, along with interest of ₹18.18 crore and a penalty of ₹3.37 crore, potentially exposing the company to a material tax liability. Management is seeking rectification of the order and, if the outcome is unfavourable, may appeal before the appropriate authority, indicating that the final financial impact and timeline of resolution remain uncertain for shareholders and other stakeholders.
More about Max Healthcare Institute Ltd
Max Healthcare Institute Ltd is a leading private healthcare provider in India, operating a network of hospitals and related medical facilities offering tertiary and quaternary care services. The company focuses on delivering specialized healthcare across key metros, catering to both domestic and international patients in a highly regulated and competitive healthcare services market.
Average Trading Volume: 79,220
Technical Sentiment Signal: Hold
Current Market Cap: 1034.4B INR
See more insights into MAXHEALTH stock on TipRanks’ Stock Analysis page.