Kalpataru Projects GST Authority Upholds ₹1.45 Cr Penalty

Kalpataru Projects International Ltd has received an order from the Additional Commissioner (Appeal) upholding a previous order by the GST Authority. This order demands INR 1.45 Crores in tax, INR 0.15 Crores in interest, and INR 1.45 Crores in penalty for FY 2019-20 to FY 2021-22, citing excess Input Tax Credit (ITC) claims and other violations. The company believes the order was issued without considering its submitted evidence and plans to file a further appeal. Separately, another filing indicates a demand for INR 2.97 Crores in tax, INR 0.16 Crores in interest, and INR 1.61 Crores in penalty for FY 2019-20, FY 2020-21, and FY 2021-22, which the company also intends to appeal. Kalpataru Projects states these demands do not have a significant impact on its operations.