Tax & Penalty14 Aug 2026, 05:36 pm
Kalpataru Projects Faces Eswatini Tax Demand of SZL 643,353
AI Summary
Kalpataru Projects International Ltd's branch office in Eswatini has received a Notice of Assessment from the Eswatini Revenue Service demanding SZL 643,353.62 (approximately INR 38.02 lakhs) in tax and penalty. The demand is for the period November 2024 to January 2026, related to an alleged double claim of input VAT on construction material expenses. The company intends to file objections against the notice within the prescribed timelines. The company stated that the penalty levied does not have a significant impact on its financial or operational activities.
Key Highlights
- Eswatini branch received tax and penalty notice.
- Demand amounts to SZL 643,353.62 (~INR 38.02 lakhs).
- Allegation of double claim of input VAT on construction materials.
- Company plans to file objections against the notice.
- No significant financial or operational impact expected.
Price Impact
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