KPIL Receives GST Order Demanding ₹57.59 Lakhs Penalty
KPIL received a GST order demanding ₹57.59 lakhs penalty for alleged irregular Input Tax Credit for FY19-20 to FY23-24. The company will appeal the order, stating it was issued without considering their evidence. The penalty is not expected to significantly impact the company.
The company stated that the penalty levied does not have any significant impact on its financial, operational, or other activities.
The company has received an order demanding a penalty, which is a negative development.
Kalpataru Projects International Limited (KPIL) has received an order from the GST Authority on March 28, 2026, concerning alleged wrong availment and irregular Input Tax Credit for the Financial Years 2019-20 to 2023-24. The authority has demanded a penalty of ₹57.59 lakhs.
KPIL believes the order was issued without adequate consideration of the company's submitted reply and documentary evidence. The company intends to file an appeal before the Appellate Authority within the prescribed timelines, asserting a strong case for defense. The penalty amount is not expected to have a significant impact on the company's financial, operational, or other activities.
This disclosure is being made on March 30, 2026, the first working day following the receipt of the order.
What to do with a filing like this
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.