Fortis Malar Hospitals Ltd — Important, 01-11-2025: Company Update

Fortis Malar Hospitals received a show cause notice from the State Tax Officer concerning a previous period, initially for an amount of INR 41.76 crore. After the company submitted its response, the GST Authority issued an order with a significantly reduced demand. The final demand, which includes interest and penalty, now stands at INR 0.0114 crore. The show cause notice for the substantial balance amount has been dropped. This update clarifies a potential tax liability, indicating a major reduction in the tax authority's claim against the company.