- All
- Important
- Financial Update
- Fund Raise
- Board Meeting
- Dividend/Bonus
- JV/Acquisition
- Investor Meet
- Insider Trade
- Pledging
- Others
Loading...
Kovai Medical Center and Hospital has received a Show Cause Notice from GST authorities regarding non-payment of GST on charges collected for its 'UK Visa Medical Package'. An audit found these services, for which the company invoiced customers, do not qualify as exempt healthcare services. The notice seeks to recover Rs. 174,960 in unpaid GST (Rs. 87,480 CGST and Rs. 87,480 SGST), along with applicable interest and penalty. The company previously paid tax and interest for other audit objections, but not for this specific issue. This notice highlights a potential tax liability and regulatory challenge for the company.