Religare Enterprises – Subsidiary Care Health Insurance Gets Bombay HC Stay on GST Demand

Expert Analysis:

• Care Health Insurance (CHIL), a material subsidiary of Religare Enterprises Ltd, has received a stay order from the Bombay High Court on March 26, 2026, providing relief against a GST demand raised by tax authorities.

• The disputed matter involves a GST demand of ₹17.68 crore along with an equal penalty of ₹17.68 crore, relating to SEZ-related issues for FY2017-18 to FY2023-24.

• The High Court stayed the operation of the original GST order until final disposal of the writ petition, effectively suspending any immediate enforcement action.

• As a result of the stay, the company has indicated no immediate financial impact, with no requirement to pay the disputed demand or penalty at this stage.

• The case pertains to industry-wide GST interpretation issues, suggesting similar disputes may exist across insurance companies operating in SEZ frameworks.