Kalpataru Projects International Limited has informed the Exchange about Action(s) taken or orders passed
KPIL · price
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
Kalpataru Projects International Limited received an order from the GST Authority on 28th March 2026 under Sections 74 and 122 of the CGST Act, 2017. The authority has demanded tax, interest, and penalty for FY 2019-20 to 2023-24 on alleged wrong availment and passing on of irregular Input Tax Credit. The total penalty demanded is INR 57.59 lakhs. The company has stated it has a strong case to defend and plans to file an appeal before the Appellate Authority, as the order was issued without considering the company's reply and documentary evidence. The company has clarified that the penalty does not have any significant impact on its financials or operations.
The penalty amount of INR 57.59 lakhs is small relative to the company's size and is described as not materially significant. The stock is unlikely to be meaningfully impacted, though the matter will be worth tracking if the appeal is unsuccessful.