Kalpataru Projects International Limited — Others, 19-07-2025: Action(s) taken or orders passed

Kalpataru Projects International Limited (KPIL) has made a payment to the GST Authority related to an alleged ineligible Input Tax Credit (ITC) availed by one of its service providers. To avoid potential financial risks from additional interest or charges, KPIL reversed the ITC and settled the amount, including a penalty of approximately 0.17 Cr. The company clarified that this payment does not have a significant financial impact. This action highlights KPIL's proactive approach to addressing compliance matters.