Tax & Penalty9 Oct 2026, 08:06 pm
Kalpataru Projects GST Authority Demands ₹1.05 Crore Penalty
AI Summary
Kalpataru Projects International Ltd has received an order from the GST Authority demanding a penalty of INR 1.05 Crore for the Financial Year 2021-22, alleging excess availment of Input Tax Credit. The company stated that the order was issued without considering its submitted reply and documentary evidence. Kalpataru Projects intends to file an appeal before the Appellate Authority within the prescribed timelines. The company believes the penalty does not have a significant impact on its financial or operational activities.
Key Highlights
- GST Authority demands ₹1.05 Crore penalty for FY21-22.
- Allegation of excess Input Tax Credit availment.
- Company to appeal order, citing lack of consideration for evidence.
- No significant financial or operational impact expected.
Price Impact
More from KPIL