Kalpataru Projects International Limited — Others, 06-02-2025: Action(s) taken or orders passed

Kalpataru Projects International Limited has received a notice from the GST Authority, demanding a penalty of INR 19.69 crore related to alleged non-reversal and incorrect availment of Input Tax Credit for the fiscal year 2017-18. The company believes it has a strong case to dispute this order and intends to appeal before the Appellate Authority. Financially, the penalty is not expected to significantly impact the company’s operations. For investors, this situation presents a potential risk; however, Kalpataru's proactive stance on appeal could mitigate longer-term concerns, fostering a cautiously optimistic outlook.