Fortis Healthcare Faces GST Orders for FY21-23, Totaling ₹2149.64 Cr
Fortis Healthcare Limited has disclosed the receipt of Goods and Services Tax (GST) orders concerning financial years 2020-21, 2021-22, and 2022-23. The State Tax Officer (ST)- Group IX, Chengalpattu ...
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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 gst orders resulting in confirmed demands, which includes penalties and interest, indicating a negative financial impact.
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Fortis Healthcare Faces GST Orders for FY21-23, Totaling ₹2149.64 Cr
December 30, 2025, 11:58 AM
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Fortis Healthcare Limited has disclosed the receipt of Goods and Services Tax (GST) orders concerning financial years 2020-21, 2021-22, and 2022-23. The State Tax Officer (ST)- Group IX, Chengalpattu Intelligence Division, Tamil Nadu, issued show cause notices for amounts including penalties. For FY 2020-21, the confirmed demand is ₹478.08 lakhs, comprising ₹142.02 lakhs in interest and ₹168.03 lakhs in penalty. For FY 2021-22, the confirmed demand stands at ₹850.00 lakhs, with ₹212.16 lakhs for interest and ₹318.92 lakhs for penalty. For FY 2022-23, the confirmed demand is ₹811.53 lakhs, including ₹158.58 lakhs in interest and ₹326.47 lakhs in penalty. The show cause notices related to the balance amounts have been dropped by the GST Authority. The company received these orders on December 29, 2025, and December 30, 2025. These disclosures are made pursuant to Regulation 30 of the SEBI (Listing Obligations & Disclosure Requirements) Regulations, 2015.
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