KPIL

Kalpataru Projects International Faces INR 3.72 Crore GST Penalty, Plans Higher Appeal

Kalpataru Projects International Limited (KPIL) received a setback as the Appellate Authority upheld a INR 3.72 crore penalty for a GST Input Tax Credit mismatch in FY 2017-18. The company plans to appeal to a higher authority, asserting that the order was issued without considering their evidence. KPIL maintains that this penalty, along with ongoing income tax reassessments, does not significantly impact its operations.