Kalpataru Projects Faces GST Notice for Excess Input Tax Credit Claim

Kalpataru Projects International Ltd received a tax notice from the GST Authority for excess claim of Input Tax Credit in the 2019-20 financial year. The authority is demanding Rs 10.50 lakh in taxes and Rs 1.50 lakh in penalties, with proposed interest.

Kalpataru Projects International Ltd has been issued a tax notice by the GST Authority, citing an excess claim of Input Tax Credit for the 2019-20 financial year.

The authority has demanded the payment of Rs 10.50 lakh in taxes and Rs 1.50 lakh in penalties. Interest may also be levied as applicable.

The company disclosed this information in an exchange filing on Thursday.

(With inputs from agencies.)