Star Health and Allied Insurance has received an order from the Uttar Pradesh State Goods & Service Tax department, levying a penalty of ₹75.27 lakh. The penalty is under Section 73 of the Central Goods and Services Tax Act, 2017, pertaining to the period from April 2021 to March 2022 and related to excess ITC availed and differences in turnover. The company intends to appeal the order.
GST Penalty Details
Star Health and Allied Insurance Company has received an order from the Office of the Joint Commissioner of State Goods & Service Tax, Uttar Pradesh, imposing a penalty of ₹75,27,772.28. The order, dated December 26, 2025, is based on alleged contraventions under Section 73 of the Central Goods and Services Tax Act, 2017.
Reasons for the Penalty
The penalty was imposed due to discrepancies involving excess Input Tax Credit (ITC) availed and differences in turnover figures. The assessment period for these discrepancies is from April 2021 to March 2022.
Company’s Response
Star Health believes it has a strong case on the merits and intends to appeal the order with the appropriate authorities. The company does not currently anticipate any material adverse impact on its financial operations due to this matter. Based on legal counsel’s advice, the company believes that liability is unlikely to arise.
Source: BSE
