Tax & Penalty13 Oct 2026, 04:01 pm
Kalpataru Projects: GST Demand Reduced to ₹0.14 Cr Post-Appeal
AI Summary
Kalpataru Projects International Ltd has received an order from the Hon'ble Principal Commissioner (Appeals) partially allowing its appeal against a GST demand. The original demand for FY 2017-18 to FY 2019-20 was INR 1.83 Crores for tax and interest, plus a penalty of INR 0.21 Crores, related to alleged excess Input Tax Credit (ITC) claims. The appellate order has reduced the tax and interest demand and lowered the penalty to INR 0.14 Crores. The company plans to file a further appeal, stating the order was issued without considering its submitted evidence.
Key Highlights
- GST demand reduced to ₹0.14 Crores penalty post-appeal.
- Original tax and interest demand also reduced by appellate authority.
- Company to file further appeal, citing lack of evidence consideration.
- No significant financial impact expected from the matter.
Price Impact
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