KPIL Consortium Wins Appeal, GST Demand of ₹35.38 Lakhs Set Aside
The initial penalty amount of ₹35.38 lakhs was not deemed to have a significant impact on the company's financials, and its subsequent reversal further confirms a low impact on overall operations and finances.
The Appellate Authority allowed the appeal filed by the company's consortium, setting aside a GST demand of ₹35.38 lakhs penalty plus tax and interest, which is a favorable outcome.
Kalpataru Projects International Limited (KPIL) announced on 28th August 2025 that the Hon'ble Appellate Authority has allowed the appeal filed by a consortium, of which KPIL is a member, and set aside an earlier order by the State GST Authority. The initial order, received on 29th January 2025, had demanded a penalty of ₹35.38 lakhs, in addition to tax and interest, from the consortium. This demand was on account of alleged wrong availment of input tax credit for the financial year 2020-21. The Appellate Authority's order was received by the company on 27th August 2025.
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Kalpataru Projects International Limited filed this with the NSE as a statutory disclosure, categorised under legal. 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.