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Niva Bupa Faces GST Demand Orders with No Material Impact

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Niva Bupa Faces GST Demand Orders with No Material Impact

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Niva Bupa Health Insurance Company Limited ( (IN:NIVABUPA) ) has provided an announcement.

Niva Bupa Health Insurance Company Limited has received orders from the Additional Commissioner of State Tax, Patna East, Bihar, confirming demands and imposing penalties and interest for the financial years 2018-19, 2019-20, and 2020-21. The orders relate to the disallowance of GST input credit under Section 17 of the CGST Act, 2017. Despite the financial implications, the company states that there is no material impact on its financial, operational, or other activities, and it plans to appeal the orders.

More about Niva Bupa Health Insurance Company Limited

Niva Bupa Health Insurance Company Limited operates in the health insurance industry, providing a range of health insurance products and services. The company focuses on offering comprehensive health coverage solutions to individuals and families, with a strong presence in the Indian market.

YTD Price Performance: -12.90%

Average Trading Volume: 334,562

Find detailed analytics on NIVABUPA stock on TipRanks’ Stock Analysis page.

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