A subsidiary of Krishna Institute of Medical Sciences Limited, Spanv Medisearch Lifesciences Private Limited, has received a demand order for ₹12.42 crores from the Deputy Commissioner of State Tax (GST) Nagpur, dated December 31, 2025. The company is currently reviewing the matter with its legal and tax advisors and will take necessary steps as per applicable laws.
GST Demand on Subsidiary
Krishna Institute of Medical Sciences Limited (KIMS) reports 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.
Order Details
The demand order, dated December 31, 2025, amounts to ₹12.42 crores. The order pertains to Non-Payment of GST on the medicines consumed for the inpatient for FY 2021-22. KIMS is assessing the implications and consulting with legal and tax advisors.
Company Response
The company is currently examining the matter in consultation with its legal and tax advisors and will take appropriate steps as per the applicable laws. The company is exploring all legal options, including filing an appeal before the relevant Appellant authority. The deadline to settle the stated dues on or before 30/03/2026.
Source: BSE
