KPIL Consortium Receives GST Order; Company Cites No Significant Impact
Kalpataru Projects International Limited (KPIL) announced that a consortium it is a member of has received an order from the GST Authority on December 30, 2025, at approximately 01:14 PM IST. The orde...
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Why is Kalpataru Projects International Limited in the news today?
Kalpataru Projects International Limited (KPIL) is in the news due to the company received an order from the gst authority demanding a penalty, which is a negative development. however, the company stated that the impact is not significant and they plan to appeal, which mitigates the negativity.
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KPIL Consortium Receives GST Order; Company Cites No Significant Impact
December 30, 2025, 01:14 PM
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Kalpataru Projects International Limited (KPIL) announced that a consortium it is a member of has received an order from the GST Authority on December 30, 2025, at approximately 01:14 PM IST. The order, issued under Section 74 of the Central Goods and Services Tax Act, 2017, pertains to the financial years 2018-19 to 2022-23.
The authority has demanded tax, interest, and penalty on grounds of excess availment of Input Tax Credit (ITC) and short payment of tax. Specifically, a penalty of ₹1.51 crore has been demanded.
The consortium believes it has a strong case to defend the matter before the Appellate Authority, as the order was issued without considering the submitted reply and documentary evidence. The consortium intends to prefer an appeal against the order within the prescribed timelines. KPIL stated that the levied penalty does not have any significant impact on the company's financial, operational, or other activities.
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