Niva Bupa Health Insurance Company Limited — Others, 02-03-2025: Action(s) taken or orders passed

Niva Bupa Health Insurance Company Limited has announced a board meeting regarding recent orders from the Additional Commissioner of State Tax, Patna East, confirming GST demands totaling INR 1.91 crore. The orders include penalties and interest, attributed to disallowed GST input credits for the financial years 2018-19, 2019-20, and 2020-21. The company plans to appeal these orders and anticipates no material impact on its financial or operational activities, maintaining stability for shareholders. This move may cultivate a positive outlook among investors, reassuring them of the company’s proactive approach to address significant tax-related challenges.