Key Quantitative Figures
The GST Authority has demanded a penalty of ₹1.05 Crore.
Dates of Action
The order was received on 09th October, 2026 at approximately 03:58 P.M. (IST).
Parties Involved
The order was issued by the GST Authority under the provisions of Section 74 of the Central Goods and Services Tax Act, 2017 read with relevant provisions of the State Goods and Services Tax Act, 2017 and the rules made thereunder.
Nature of the Order
The authority has demanded tax, interest, and penalty for the Financial Year 2021-22 on the alleged grounds of excess availment of Input Tax Credit.
Company's Response and Rationale
The company states it has a strong case to defend the matter as the order was issued without considering the reply and documentary evidences submitted by the company. Kalpataru Projects International Limited will prefer an appeal before the Appellate Authority against the said order within the prescribed timelines.
Financial Impact
The company explicitly states that the penalty "does not have any significant impact on the Company."