Fortis Healthcare faces GST demands totaling ₹21.7 Crores for FY21-23
Fortis Healthcare Limited has disclosed its receipt of Goods and Services Tax (GST) orders impacting financial years 2020-21, 2021-22, and 2022-23. The company received show cause notices from the Sta...
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Why is Fortis Healthcare Limited in the news today?
Fortis Healthcare Limited (FORTIS) is in the news due to the company has received confirmed gst demands including penalties and interest, which represents a financial liability and potential negative impact on profitability.
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Fortis Healthcare faces GST demands totaling ₹21.7 Crores for FY21-23
December 30, 2025, 12:01 PM
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Fortis Healthcare Limited has disclosed its receipt of Goods and Services Tax (GST) orders impacting financial years 2020-21, 2021-22, and 2022-23. The company received show cause notices from the State Tax Officer, Chengalpattu Intelligence Division, Tamil Nadu, for amounts including penalties.
For FY 2020-21, the GST authority has confirmed demands of ₹478.08 lakhs, which includes interest and penalty of ₹142.02 lakhs and ₹168.03 lakhs respectively. For FY 2021-22, confirmed demands amount to ₹850.00 lakhs, with interest and penalty totaling ₹212.16 lakhs and ₹318.92 lakhs. For FY 2022-23, the confirmed demands are ₹811.53 lakhs, including interest and penalty of ₹158.58 lakhs and ₹326.47 lakhs.
The show cause notices related to the balance amounts have been dropped by the GST authority. The events occurred on December 29, 2025, at 5:46 PM for FY 2020-21, December 29, 2025, at 5:53 PM for FY 2021-22, and December 30, 2025, at 4:38 PM for FY 2022-23. Satyendra Chauhan, Company Secretary & Compliance Officer, made the disclosure.
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