Kalpataru Limited Receives GST Demand Order of ₹80.71 Crore

Kalpataru Limited announced on December 30, 2025, that it has received an order from the Joint Commissioner, CGST Office, Mumbai – West. This order pertains to a demand for tax, interest, and penalty ...

Kalpataru Limited announced on December 30, 2025, that it has received an order from the Joint Commissioner, CGST Office, Mumbai – West. This order pertains to a demand for tax, interest, and penalty for the financial year 2018-19, under section 74 of the GST Act. The issue relates to the non-payment of GST on newly constructed flats allotted to existing members in lieu of transfer of development rights. The company had previously disclosed a show cause cum demand notice dated May 13, 2025, for ₹83.33 crore for the same matter. The current order includes a demand of CGST ₹20,17,86,465, SGST ₹20,17,86,465, and a total penalty of ₹40,35,72,930, resulting in a total demand of ₹80,71,45,860 (approximately ₹80.71 crore). Kalpataru Limited plans to file an appeal against this order with the Appellate Authority. The company expressed its hope for a favorable outcome and does not anticipate a material financial impact on its operations.

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Why is Kalpataru Limited in the news today?

Kalpataru Limited (KALPATARU) is in the news due to the company has received a significant tax demand order, which is a negative development.

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Kalpataru Limited Receives GST Demand Order of ₹80.71 Crore

December 30, 2025, 06:13 AM

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Kalpataru Limited announced on December 30, 2025, that it has received an order from the Joint Commissioner, CGST Office, Mumbai – West. This order pertains to a demand for tax, interest, and penalty for the financial year 2018-19, under section 74 of the GST Act.

The issue relates to the non-payment of GST on newly constructed flats allotted to existing members in lieu of transfer of development rights. The company had previously disclosed a show cause cum demand notice dated May 13, 2025, for ₹83.33 crore for the same matter.

The current order includes a demand of CGST ₹20,17,86,465, SGST ₹20,17,86,465, and a total penalty of ₹40,35,72,930, resulting in a total demand of ₹80,71,45,860 (approximately ₹80.71 crore).

Kalpataru Limited plans to file an appeal against this order with the Appellate Authority. The company expressed its hope for a favorable outcome and does not anticipate a material financial impact on its operations.

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