Medi Assist Confirms No Impact On Financials After Tax Department Search

 Medi Assist Healthcare Services Limited, a leading health benefits and insurance TPA provider, confirmed that Maharashtra’s GST Department initiated a search at its subsidiary, Medi Assist Insurance TPA Private Limited, under Section 67 of the Central GST Act, 2017.  

The company emphasized that the search is part of routine compliance checks and assured stakeholders that there will be no material impact on its financial performance or daily operations. Medi Assist further stated that its teams are cooperating fully with the authorities to ensure smooth proceedings.  

Industry experts note that such searches are common in regulatory oversight and do not necessarily indicate wrongdoing. Medi Assist’s proactive communication aims to reassure investors, clients, and partners about the stability of its operations and continued focus on delivering healthcare services.  

Key Highlights  

• GST Department initiated search at Mumbai subsidiary office  
• Search conducted under Section 67 of the CGST Act, 2017  
• Company expects no financial or operational impact  
• Business operations continue normally  
• Medi Assist cooperating fully with authorities  

Sources: Medi Assist Company Statement, Business Standard, Economic Times