KPIL Receives GST Order Demanding ₹1.05 Crore Penalty; Company to Appeal
KPIL received a GST order demanding ₹1.05 Crore penalty for FY22 due to alleged excess Input Tax Credit availment. The company plans to appeal the order, stating it was issued without considering their evidence and believes it has a strong case. The penalty is not expected to significantly impact operations.
While the company claims no significant impact, a demand for ₹1.05 Crore in penalty and interest could have a moderate financial impact, especially if the appeal is unsuccessful. The litigation process itself can also be resource-intensive.
The company has been issued an order demanding a penalty and interest, which is a negative development.
Kalpataru Projects International Limited (KPIL) has received an order from the GST Authority under Section 74 of the Central Goods and Services Tax Act, 2017. The order, received on October 9, 2026, demands payment of tax, interest, and a penalty of ₹1.05 Crore for the Financial Year 2021-22 on alleged grounds of excess availment of Input Tax Credit.
The company stated that the order was issued without considering the reply and documentary evidence submitted by KPIL. Consequently, the company intends to file an appeal before the Appellate Authority against this order within the prescribed timelines. KPIL believes it has a strong case to defend the matter.
The company has assessed the impact of this penalty and stated that it does not have any significant impact on its financial, operational, or other activities.
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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 medium impact: worth reading, rarely worth acting on by itself.
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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.