Kalpataru Limited has informed the Exchange about outcome of tax litigation - Receipt of an Order by Ananta Landmarks Private Limited, a wholly-owned subsidiary of the Company, passed by Joint Commissioner of State Tax (Appeals VIII) on 23rd February, 2026
KALPATARU · price
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
Awaiting price reaction for this filing.
Kalpataru Limited's wholly-owned subsidiary Ananta Landmarks Private Limited (ALPL) received an order on February 23, 2026 from the GST Appellate Authority regarding FY 2019-20. The total GST demand was set at Rs. 3.33 crore (inclusive of interest and penalty), reduced from the original demand of Rs. 5.10 crore imposed in June 2024. The issues relate to reverse charge on municipal corporation services, excess input tax credit claims, and short reversal of common ITC. The company states this order has no material financial impact and plans to file a further appeal, citing strong grounds based on external legal and tax advice.
The reduced demand is a partial relief for ALPL, though the company still plans to contest the remaining Rs. 3.33 crore liability. Since Kalpataru itself states there is no material financial impact, the stock is unlikely to see significant reaction, but the ongoing tax litigation remains a watchable point for investors.