Star Health and Allied Insurance Company Limited — Important, 24-03-2025: General Updates

Star Health and Allied Insurance Company has received 25 GST orders across multiple states including Haryana, Delhi, Maharashtra, Tamil Nadu, Telangana, and Karnataka, imposing significant tax demands along with interest and penalties totaling over ₹47 crore. Allegations include non-payment of GST on co-insurance transactions and non-disclosure in statutory filings. Despite this, the company asserts a robust case for defense based on a favorable precedent from the Madras High Court, indicating that GST is not applicable to these transactions retroactively. Investors may view this as a potential risk; however, the company’s outlook remains stable with no expected operational impact.