Kalpataru Subsidiary GST Notice for ₹73.85 Cr

Kalpataru Properties Limited, a wholly-owned subsidiary of Kalpataru Ltd, has received a Show Cause-Cum Demand Notice from the GST Authority for FY 2025-26. The notice calls upon KPL to explain why GST amounting to ₹73,85,00,312 (Rupees Seventy-Three Crores Eighty-Five Lakhs Three Hundred and Twelve only) along with applicable interest and penalty should not be demanded and recovered. KPL has been advised that the notice is not sustainable and will be replied to accordingly. The company stated that this notice does not have any material financial impact on its operations.