Kalpataru Projects International Limited has informed the Exchange about Action(s) taken or orders passed
KPIL · price
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Awaiting price reaction for this filing.
Kalpataru Projects International Limited (KPIL) has paid a penalty of INR 17.13 lakhs to the GST Authority on 18th July 2025. The payment was made in connection with alleged ineligible Input Tax Credit (ITC) availed by one of the company's service providers. To avoid any additional financial exposure from interest, the company reversed the ITC and paid the amount along with applicable interest and penalty under Section 16(2)(C) of the CGST Act, 2017. The company has stated that the penalty does not have any significant impact on its financial position. It will take appropriate further action in the matter.
The financial impact is minimal — a small penalty of INR 17.13 lakhs is negligible for a company of KPIL's size. Shareholders are unlikely to see any material effect on the stock price from this disclosure.