Key Quantitative Figures
Initial GST Demand (August 29, 2024 disclosure):
- Aggregate tax amount: ₹2.97 Crores
- Interest amount: ₹0.16 Crores
- Penalty amount: ₹1.61 Crores
- Total financial impact: ₹4.74 Crores
Specific FY 2019-20 Demand (Referenced in July 2026 disclosure):
- Tax demand: ₹1.52 crore
- Interest: ₹0.70 lakh
- Penalty: ₹15.17 lakhs
Dates of Action
- August 29, 2024: Received multiple GST orders at 02:44 PM and 03:45 PM IST
- July 23, 2026: Received Appellate Authority order at 04:19 PM IST
- July 24, 2026: Current disclosure filing date
Parties Involved
- Various State Goods and Service Tax (GST) Departments - GST Authority
- Appellate Authority (unspecified)
- Kalpataru Projects International Limited
Nature of Allegations
The GST Authority demanded payment for Financial Years 2019-20, 2020-21, and 2021-22 on grounds including:
- Excess claim of Input Tax Credit (ITC)
- Time-barred availment of ITC
- Availment of ITC on blocked supplies
Legal Proceedings
- Company filed appeal before Appellate Authority against FY 2019-20 order
- Appellate Authority passed order in favor of the company
- Appellate order set aside the GST Authority's order for FY 2019-20
- Company had stated it has a strong case to defend and planned to file appeals within prescribed timelines
Financial Impact Assessment
As per the August 2024 disclosure: "The tax, interest and penalty levied... do not have any significant impact on the Company."
The appellate outcome for FY 2019-20 eliminates the previously disclosed liability of approximately ₹1.69 crore (tax, interest, and penalty) for that specific financial year.