Star Health and Allied Insurance Co. Ltd. has received an order from the Superintendent of Central Goods & Service Tax, Kolkata, imposing a penalty of ₹10,70,722. The penalty is due to excess Input Tax Credit (ITC) availed during the period from April 2019 to March 2020. Star Health plans to file an appeal and believes it has a strong case, with no material financial impact expected.
ITC Penalty Imposed
Star Health has been notified of a penalty by the Office of the Superintendent of Central Goods & Service Tax, Kolkata, related to irregularities in GST filings. The penalty, amounting to ₹10,70,722, is attributed to the availment of excess ITC.
Details of the Order
The order, dated December 8, 2025, specifies that the penalty is imposed under Section 74(9) of the Central Goods and Services Tax Act, 2017. The excess ITC was availed between April 2019 and March 2020.
Company Response
Star Health intends to contest the order and file an appeal or writ petition with the appropriate authorities. The company believes it has a strong case on merits and is confident in its ability to successfully address the matter.
Financial Impact Assessment
Based on counsel’s advice, Star Health currently anticipates that the liability is unlikely to arise and does not foresee any material impact on its financial operations as a result of this penalty. The company will pursue all available legal avenues to challenge the order and defend its position.
Source: BSE
