Kalpataru's Subsidiary Gets ₹73.85 Crore GST Show Cause Notice for FY26 Construction Services
- Legal
- Real Estate
Kalpataru Limited has told the exchanges that its wholly owned subsidiary, Kalpataru Properties Limited, received on 16 Oct 2026 at 3:00 p.m. a show cause-cum-demand notice dated 15 Oct 2026 from the GST authority. The notice asks why GST of ₹73,85,00,312, about ₹73.85 crore, with interest and penalty, should not be demanded and recovered under Section 74A of the CGST Act, 2017 and the matching provisions of the MGST Act, in respect of certain construction services for FY 2025-26.
The subsidiary has been advised that the notice is not sustainable and will reply appropriately. The company says the notice has no material financial impact on its operations.
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