Max Healthcare Institute GST demand of ₹55 crore fully withdrawn after rectification order

Max Healthcare Institute Ltd on Tuesday (April 21) has received a rectification order from the Office of the GST Officer, Ward 96, Zone 9, Department of Trade and Taxes, Government of NCT of Delhi, withdrawing the entire tax demand of ₹55.20 crore against the company.

The development is in continuation of its earlier intimation dated December 30, 2025, regarding proceedings linked to alleged excess availment of Input Tax Credit.

According to the company, the authority has accepted its rectification application and issued the order after due consideration of submissions made by Max Healthcare. The GST demand, which had been raised earlier by the tax authority, has now been fully withdrawn through the rectification order.

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The company said the matter pertains to proceedings initiated by the Office of the GST Officer (Ward-92 & 96), Department of Trade and Taxes, GNCT of Delhi, I.P. Estate, Vyapar Bhawan, New Delhi.

In April this year, Max Healthcare Institute Ltd said it will acquire a controlling stake of around 58.4% in Kalinga Hospital Ltd. for an equity value of ₹300 crore, marking its entry into the Bhubaneswar healthcare market.

The acquisition, to be executed through a share purchase agreement, will give Max Healthcare control of the 250-bed multi-speciality Kalinga Hospital, which has been operational since 1997. The company said the deal will strengthen its footprint in eastern India and add immediate capacity to its network, as the hospital is already operational.

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Kalinga Hospital, located in Maitri Vihar, Bhubaneswar, is spread over a 10-acre land parcel with a built-up area of about 2.6 lakh sq ft, and offers services across key specialities including cardiology, neurology, oncology, orthopaedics and renal sciences.

Max Healthcare’s board has also approved loans of up to ₹100 crore to the hospital for renovation, upgradation and expansion, along with issuance of a corporate guarantee to refinance existing borrowings.

Shares of Max Healthcare Institute Ltd ended at ₹1,021.50, up by ₹11.15, or 1.10%, on the BSE.