Kalpataru Properties Appeals GST Demand Over Rs 40 Lakhs in Tax Tribunal
Kalpataru Properties (Thane) Ltd., a wholly owned subsidiary of Kalpataru Limited, has challenged tax orders by filing appeals before the GST Appellate Tribunal. The action pertains to GST demands raised against the company for the financial year 2017-18, related to inputs used in construction activities.The appeal was filed on June 17, 2026. It targets orders issued by both the Deputy Commissioner of State Tax, dated January 30, 2026, and the Additional Commissioner, dated August 18, 2025. These orders relate to the alleged wrongful availing of transitional credit on inputs found in semi-finished goods utilized for the construction of immovable property.
The GST demand includes two specific amounts: Rs. 396.49 lacs and Rs. 46.69 lacs.
Details regarding the tax demands are provided below:
| Tax Demand | Amount (lacs) | Basis Period |
|---|---|---|
| GST Demand 1 | 396.49 | FY 2017-18 |
| GST Demand 2 | 46.69 | FY 2017-18 |
Kalpataru Properties (Thane) Ltd. stated that it remains hopeful of a favorable outcome following the filing of the appeals with the GST Appellate Tribunal.
KALPATARU Stock Price Movement
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