Kalpataru Projects International Receives Rs 6.76 Crore GST Penalty Order for FY 2018-19 and FY 2020-21, Plans to File Appeal:

Kalpataru Projects International Limited has informed the BSE and NSE on 29 October 2026 that it has received an order from the GST Authority on 28 October 2026. The order pertains to financial years 2018-19 and 2020-21 and deals with alleged excess claims of Input Tax Credit, mismatches in tax payments, and short payment of tax under Reverse Charge Mechanism.

The GST Authority has demanded tax, interest, and penalties, including a penalty of Rs 6.76 crore. However, the company believes it has a strong case to challenge the order because the authority did not consider its reply and supporting documents before issuing the order.The company, however, is of the view that it has a strong case to fight the order as the authority did not consider its reply and supporting documents while passing the order.

The company proposes to file an appeal against the order before the first Appellate Authority within the time allowed. It has also said the penalty has no material impact on its financial position or business operations.