KAKalpataru544423Tax or GST

GST show cause-cum demand notice of ~Rs. 73.85 crore issued to wholly owned subsidiary

GST Authority has issued a show cause-cum demand notice to Kalpataru Properties Ltd, a wholly owned subsidiary of Kalpataru, for GST of ~Rs.

By ScoutQuest · Sat 17 Oct 2026, 11:49 AM IST · 1 min read

GST amount demanded

~Rs. 73.85 crore

Period covered

FY 2025-26

Notice date

October 15, 2026

What the update says

• Kalpataru Properties Limited (KPL), a wholly owned subsidiary of Kalpataru Limited, received a Show Cause-Cum Demand Notice dated October 15, 2026 from a GST Authority.
• The notice calls upon KPL to show cause why GST amounting to ~Rs. 73.85 crore (Rupees Seventy-Three Crores Eighty-Five Lakhs Three Hundred and Twelve only), along with applicable interest and penalty, should not be demanded and recovered.
• It is issued under Section 74A of the CGST Act, 2017, read with the corresponding provisions of the MGST Act, 2017, for FY 2025-26, in respect of certain construction services.
• Kalpataru received information about the notice from KPL on October 16, 2026 at 3:00 p.m.

What the company says

• KPL has been advised that the notice is not sustainable and will reply appropriately.
• The company states that the notice does not have any material financial impact on the operations of the Company.

How to read a show cause notice

• A show cause notice is the tax authority setting out its view and asking the company to respond; it is not by itself a final order or a payment already made.
• The figure named in the notice is the GST amount. Interest and penalty, if any, would be over and above this and are not quantified in the update.
• The company has said it will contest the notice. How the matter progresses will depend on its reply and any subsequent proceedings.
• The disclosure was made as an intimation under Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, because it concerns a wholly owned subsidiary.

Key figure

• GST amount in the notice: ~Rs. 73.85 crore
• Period covered: FY 2025-26

Nothing here is a view, opinion or recommendation of ScoutQuest, its parent, directors or employees. ScoutQuest is a technology company: this page was assembled automatically from public sources using artificial intelligence, and may contain errors or omissions. Confirm everything against the original source before you act on it. Any use of this page is at your own risk, and neither ScoutQuest nor its parent, directors or employees accepts liability for it.

About ScoutQuest · Logos provided by Logo.dev