GST order: penalty of INR 1.05 Crore demanded; company says it will appeal

Kalpataru Projects International has received an order from the GST Authority on 09th October, 2026.

Fri 9 Oct 2026

Penalty Demanded

INR 1.05 Crore

Order Date

09th October, 2026

Financial Year

2021-22

What the update says

• The company received an order from the GST Authority on 09th October, 2026 at about 03:58 P.M. (IST) under Section 74 of the Central Goods and Services Tax Act, 2017, read with the relevant State Goods and Services Tax Act, 2017 and the rules made thereunder.
• The order relates to Financial Year 2021-22 and is on the alleged grounds of excess availment of Input Tax Credit.
• Under the order, the authority has demanded tax, interest and penalty. The penalty demanded is INR 1.05 Crore.

What the company says

• The company states it has a strong case to defend the matter before the Appellate Authority, as the order was issued without considering the reply and documentary evidences it had submitted.
• The company will prefer an appeal before the Appellate Authority against the order and the demand made thereunder, within the prescribed timelines.
• On impact, the company states that the penalty does not have any significant impact on it.

How a retail investor can read this

• An order under GST law is a demand raised by the authority. The company is contesting it, so the amount stated is what has been demanded, not a final liability.
• The company has flagged its intention to appeal; the outcome at the Appellate Authority stage is what will determine how the matter moves.
• The only monetary figure quantified in the update for this order is the penalty of INR 1.05 Crore.

In short

A GST order for Financial Year 2021-22 alleges excess Input Tax Credit availment, with a penalty demand of INR 1.05 Crore. The company says it will appeal within the prescribed timelines and that the penalty has no significant impact on it.

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