Kalpataru Subsidiary Receives ₹14 Cr GST Show Cause Notice

Ananta Landmarks Private Limited (ALPL), a wholly owned subsidiary of Kalpataru Ltd, has received a show cause notice from the GST Department demanding ₹14,00,892 in GST, interest, and penalty. The notice pertains to payments made to the municipal corporation on a reverse charge basis and disallowance of input tax credit for FY 2022-23. ALPL has been advised that the notice lacks merit and intends to contest it. The company stated that this notice will not have a material financial impact on its operations.