Kalpataru Discloses GST Order Against Ananta Landmarks

Kalpathru Ltd. listed on NSE and BSE to the Stock Exchange on 9th May, 2026, that its wholly owned subsidiary Anantha Landmarks Pvt Ltd received an order from the GST appellate authority. The story started with and an earlier notice on December 13th 2025 the deputy commissioner of state tax in Mumbai told ALPL to pay Rs 5,48,78,704 . In GST interest, and penalties for the 2021-22 financial year. The main issue we payment under the reserve charge mechanism for municipal services taking too much input tax credit. On GSTR-3B and not paying enough tax to guarantee corporate.

ALPL pushes back and filed an appeal on February 2026 with the Joint Commissioner of State Tax Mumbai. The appellate authority reviewed the case and on May 8, 2026 cut the total demand to ALPL Rs. 4,00,85,389, still including interest and penalties. ALPL got the order that same day at 2:29 p.m.

Kalpataru also made it clear that this order doesn’t make a big dent in the company’s finances. ALPL’s not stopping here they are gearing up for another appeal before the GST Appellate Tribunal and say they have strong legal backing and feel good about the outcome.