Kalpataru Projects International receives Tax Notice from GST Authority

Kalpataru Projects International Ltd announced that it has received a tax notice from the GST Authority. The authority has demanded an aggregate tax of Rs.10.50 lakh and a penalty of Rs.1.50 lakh. 

Tax Notice with Penalty sent to Kalpataru Projects International

Reetu | Aug 23, 2024 |

Kalpataru Projects International receives Tax Notice from GST Authority

Kalpataru Projects International receives Tax Notice from GST Authority

Kalpataru Projects International Ltd announced Thursday that it has received a tax notice from the GST Authority. The authority has sought tax and penalty for the financial year 2019-20 due to an excessive claim of input tax credit, the company stated in an exchange filing.

“The authority has demanded that you pay an aggregate tax of Rs.10.50 lakh and a penalty of Rs.1.50 lakh. The authority has also recommended to levy interest as appropriate,” according to the filing.

Kalpataru Projects’ stock surged as much as 1.5% during the day to Rs 1,258.2 per share on the NSE. It was trading 1.34% higher at Rs 1,256.2 per share, compared to a 0.18% increase in the benchmark Nifty 50 as of 3:20 p.m.

StudyCafe Membership

Join StudyCafe Membership. For More details about Membership Click Join Membership Button
Join Membership

In case of any Doubt regarding Membership you can mail us at [email protected]

Join Studycafe's WhatsApp Group or Telegram Channel for Latest Updates on Government Job, Sarkari Naukri, Private Jobs, Income Tax, GST, Companies Act, Judgements and CA, CS, ICWA, and MUCH MORE!"




Author Bio
My Recent Articles
New Taxation Rule for Gold: Govt changed Capital Gain Tax Rule on Gold; Know about New Rule CBI Files Chargesheet against Senior Income Tax Official CBDT notifies Tolerance Range for Transfer Pricing for AY 2024-25 BMC removes GST from Free Stalls at Mahaparinirvan Diwas Zari Artisan in Bareilly shocked to get Income Tax Notice worth Rs.114 CroreView All Posts