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Kalpataru Projects International Limited has received an order from the GST Authority, demanding a penalty of INR 2.64 Crores related to alleged wrongful tax practices for the financial years 2017-18 to 2021-22. The company maintains that it has a robust defense and plans to appeal this decision. While this penalty does not significantly impact the company’s financial health, it highlights ongoing regulatory challenges. Investor sentiment may remain cautious due to these legal matters, yet the company’s decisive action and defense strategy provide a somewhat positive outlook amid potential risks.
All announcements from Kalpataru Projects International Limited