Kalpataru Projects International has received an order from the GST Authority demanding approximately ₹6.76 crore in penalties. This demand pertains to the financial years 2018-19 and 2020-21, citing issues with input tax credit availment and tax payment mismatches. The company states that the order was issued without fully considering its reply and evidence, and it plans to file an appeal with the first Appellate Authority.
GST Authority Issues Penalty Demand
Kalpataru Projects International Limited announced on October 29, 2026, that it has received an order from the GST Authority. This order, issued under Section 73 of the Central Goods and Services Tax Act, 2017, relates to the financial years 2018-19 and 2020-21. The authority has demanded payment for alleged excess availment of Input Tax Credit and mismatches in tax payments, particularly concerning the Reverse Charge Mechanism.
Penalty and Appeal Plans
As part of the order, the GST Authority has levied a penalty of INR 6.76 Crores. Kalpataru Projects International Limited has indicated that it will prefer an appeal before the first Appellate Authority. The company stated that the order was issued without a full consideration of its submitted reply and documentary evidence, and it believes it has a strong case to defend the matter. The company also noted that this penalty, while significant, does not have any considerable impact on its financial or operational activities.
Source: BSE
