KIMS Subsidiary Receives ₹12.42 Crore GST Demand Order
Krishna Institute of Medical Sciences Limited (KIMS) announced that its subsidiary, Spanv Medisearch Lifesciences Private Limited, has received a demand order from the Office of the Deputy Commissione...
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Why is Krishna Institute of Medical Sciences Limited in the news today?
Krishna Institute of Medical Sciences Limited (KIMS) is in the news due to the company's subsidiary has received a significant demand order from the gst department, which is a negative development.
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KIMS Subsidiary Receives ₹12.42 Crore GST Demand Order
January 1, 2026, 02:57 PM
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Krishna Institute of Medical Sciences Limited (KIMS) announced that its subsidiary, Spanv Medisearch Lifesciences Private Limited, has received a demand order from the Office of the Deputy Commissioner of State Tax (GST) Nagpur.
The demand order, dated 31st December 2025, is for ₹12.42 crores and pertains to the financial year 2021-22. The order is based on the alleged non-payment of GST on medicines consumed for inpatients.
The subsidiary has been directed to settle the dues by 30th March 2026. KIMS stated that it is examining the matter with its legal and tax advisors and will take appropriate steps as per applicable laws. The company is exploring all legal options, including filing an appeal.
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