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Narayana Hrudayalaya Ltd. ( (IN:NH) ) has issued an announcement.
Narayana Hrudayalaya Ltd. has been penalized by the GST Authority for alleged non-payment of GST on exempted healthcare services revenue for the financial year 2021-22, amounting to Rs. 2,45,27,710/-. The company has been ordered to pay a penalty of Rs. 24,62,172/-. Despite this, the company asserts that there will be no material impact on its financials or operations and plans to appeal the order, maintaining that the GST should not apply to the exempted revenue.
More about Narayana Hrudayalaya Ltd.
Narayana Hrudayalaya Ltd. operates in the healthcare industry, providing a range of medical services with a focus on affordable healthcare solutions. The company is known for its network of hospitals and healthcare facilities across India, catering to a broad spectrum of patients.
Average Trading Volume: 57,828
Technical Sentiment Signal: Buy
Current Market Cap: 390.4B INR
Learn more about NH stock on TipRanks’ Stock Analysis page.