Legal24 Feb 2026, 11:47 am
Kalpataru Subsidiary Receives Order from GST Appellate Authority: Rs. 3,32,93,874 GST Demand for FY 2019-20
AI Summary
Kalpataru Ltd. announced that its wholly-owned subsidiary, Ananta Landmarks Private Limited (ALPL), has received an Order dated 23rd February, 2026 from the Joint Commissioner of State Tax (Appeals - VIII) regarding a GST demand for the period 01/04/2019 to 31/03/2020. The total GST demand, inclusive of interest and penalty, amounts to Rs. 3,32,93,874 (Rupees Three Crores Thirty-Two Lakhs Ninety Thousand Eight Hundred and Seventy-Four only). This Order is in relation to the legal issues similar to the previous Orders received by ALPL for the periods 01/07/2017 to 31/03/2018 and 01/04/2018 to 31/03/2019.
Key Highlights
- Kalpataru Ltd.'s subsidiary, Ananta Landmarks Private Limited (ALPL), received an Order from the Joint Commissioner of State Tax (Appeals - VIII) dated 23rd February, 2026.
- The Order concerns a GST demand for the period 01/04/2019 to 31/03/2020, amounting to Rs. 3,32,93,874 (Rupees Three Crores Thirty-Two Lakhs Ninety Thousand Eight Hundred and Seventy-Four only).
- The Order is in relation to the legal issues similar to the previous Orders received by ALPL for the periods 01/07/2017 to 31/03/2018 and 01/04/2018 to 31/03/2019.
- The GST demand is inclusive of interest and penalty.
- The information was disclosed to the stock exchanges as per SEBI Master Circular HO/49/14/14(7)2025-CFD-POD2/1/3762/2026 dated January 30, 2026 and Regulation 30 of SEBI Listing Regulations.