A consortium, of which Kalpataru Projects International Limited is a member, has received an order from the GST Authority on December 30, 2025. The order pertains to tax, interest, and penalty demands related to the financial years 2018-19 to 2022-23. The consortium intends to appeal the order. The penalty levied is INR 1.51 crores.
GST Authority Order Details
A consortium including Kalpataru Projects International Limited has received an order from the GST Authority regarding issues arising from financial years 2018-19 to 2022-23. The authority issued the order on December 30, 2025 at approximately 01:14 PM (IST).
Grounds for the Order
The order concerns demands for tax, interest, and penalties related to alleged excess availment of ITC (Input Tax Credit) and short payment of tax by the consortium during the specified financial years.
Penalty Amount and Response
The order includes a penalty of INR 1.51 crores. The consortium believes it has a strong case and will appeal the decision before the Appellate Authority within the prescribed timelines. The consortium will submit supporting documentation as part of its appeal.
Impact Assessment
According to the company, the penalty is covered under the details mentioned above and is not expected to have a significant impact on the company.
Source: BSE
