Aster DM Healthcare Limited — Others, 20-03-2025: Action(s) taken or orders passed

Aster DM Healthcare has announced a board meeting regarding a demand order received from the Joint Commissioner of Central Tax, which claims Rs. 1.08 Cr in GST along with an equal penalty. The authority contends that Covid-19 vaccinations are taxable as a composite supply. However, the company believes the claim is not justified and does not foresee a material impact on its financials or operations. The firm plans to contest the order through relevant appellate channels. This situation may create a cautious sentiment among investors, but the company’s confidence in its position suggests a potential for stability.