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Care Health Insurance Limited (CHIL), a subsidiary of Religare Enterprises Limited, has received a significant tax order from the CGST Commissionerate pertaining to Input Tax Credit claims linked to marketing expenses. The order demands a total of ₹30.94 crore in taxes and an additional ₹30.94 crore as a penalty, along with accrued interest. CHIL is currently assessing the validity of the demand and considering its options for appeal. This development may pose financial pressure on Religare due to the substantial amounts involved. Investors should monitor the situation closely for potential impacts on the company’s financial health and operational activities moving forward.