Kalpataru Projects International Limited Wins GST Appeal
Kalpataru Projects International Limited (KPIL) won a GST appeal for FY 2019-20. The Appellate Authority set aside the GST Authority's order which had demanded ₹1.52 crore tax, ₹0.70 lakh interest, and ₹15.17 lakh penalty for excess input tax credit. The order was received on July 23, 2026.
The initial demand was for FY 2019-20 and the appeal has been won. The company's previous disclosure stated that the levied tax, interest, and penalty did not have a significant impact. Therefore, the impact of this favorable outcome is considered low.
The company won a significant appeal against a GST demand, which is a favorable outcome.
Kalpataru Projects International Limited (KPIL) has received a favorable order from the Hon’ble Appellate Authority regarding a GST demand for the Financial Year 2019-20. Previously, the GST Authority had raised a demand of ₹1.52 crore in tax, ₹0.70 lakh in interest, and ₹15.17 lakh in penalty for excess claim of input tax credit. KPIL had filed an appeal against this order.
The Appellate Authority has now set aside the order of the GST Authority for FY 2019-20, ruling in favor of the company. The company received this order on 23rd July, 2026, at approximately 04:19 PM IST. This decision effectively overturns the previous demand, indicating a positive resolution for KPIL concerning this specific GST matter.
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Kalpataru Projects International Limited filed this with the NSE as a statutory disclosure, categorised under other regulatory filings. It is a primary document, not a recommendation, and the desk marks it low impact, the band that almost never moves a portfolio on its own.
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See the model portfoliosA plain-language summary of a public exchange filing by Kalpataru Projects International Limited. Read the original for the full detail.