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Kalpataru Projects International (KPIL) has received a favourable order from the Appellate Authority

ICICIdirect Research 27 Jul 2026 DISCLAIMER

News: Kalpataru Projects International (KPIL) has received a favourable order from the Appellate Authority, which has set aside the GST demand for FY2019-20. The original GST order had raised a tax demand of ₹1.52 crore, interest of ₹0.70 lakh, and a penalty of ₹15.17 lakh on alleged excess input tax credit. Following the company's appeal, the Appellate Authority ruled in KPIL's favour and quashed the entire demand. The order was received by the company on 23 July 2026.

View: This is a small  positive development for KPIL as it removes a contingent tax liability, reinforces the company's legal position in GST matters, and eliminates a potential financial outflow. While the amount is not material relative to KPIL's scale, the ruling  reflects successful resolution of a regulatory dispute.

Impact: Neutral

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