GST Authority Appeals ₹1.35 Cr Demand Against Kalpataru Subsidiary

Kalpataru Ltd's wholly-owned subsidiary, Abacus Real Estate Private Limited, is facing an appeal by the GST Authority before the GST Appellate Tribunal. This appeal is against an earlier order by the Principal Commissioner (Appeals-I), Hyderabad GST Commissionerate, which had allowed Abacus's appeal concerning a transitional credit demand of ₹1,35,66,011, plus applicable interest and penalty for the period July 2017 to March 2018. Abacus had initially appealed an order from the Adjudicating Authority that had levied this demand. While Abacus will defend the case, the company states that this appeal has no material financial impact on its operations. Information regarding the GST Authority's appeal was received by Kalpataru Ltd on September 16, 2026.