Regulation & Approvals
Kalpataru Projects International Receives ₹6.76 Crore GST Penalty Order, Plans Appeal
By News Desk ·
Key takeaways
- Kalpataru Projects International received a GST order on October 28, 2026, demanding a ₹6.76 crore penalty plus tax and interest.
- The demand covers FY 2018-19 and FY 2020-21 and cites excess input tax credit and reverse charge shortfalls.
- Kalpataru Projects said the order did not consider its reply and documentary evidence and plans to appeal.
Kalpataru Projects International received a Goods and Services Tax order on October 28, 2026, demanding a ₹6.76 crore penalty along with tax and interest for financial years 2018-19 and 2020-21. ScanX reported the disclosure, made under Regulation 30 of the Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015.
Kalpataru Projects' GST Demand and Appeal Plan
The GST Authority passed the order under Section 73 of the Central Goods and Services Tax Act, 2017. The demand stems from allegations of excess availment of Input Tax Credit, mismatches in tax payments, and short payments under the Reverse Charge Mechanism.
Kalpataru Projects stated that the order was issued without considering its prior reply and documentary evidence. The company maintains it has a strong case to defend before the Appellate Authority and intends to file an appeal within the prescribed timelines. It noted that the penalty does not have any significant impact on its operations or financial position.
Kalpataru Projects' Order Book and Board
According to akta.pro company records, Kalpataru Projects is an Indian engineering, procurement and construction contractor founded in 1975 and headquartered in Mumbai, executing power transmission, buildings, water, railways, oil and gas pipelines, and urban infrastructure projects. The same records list a consolidated order book of INR 65,457 crore as of June 2026 and more than 250 projects under execution globally.
The records also show that Gautam Mehra, former PwC India Tax and Regulatory practice leader, was appointed an Independent Director for a five-year term in June 2026.
Kalpataru Projects' Order Wins and Swedish Listing
In October 2026, Kalpataru Projects secured new orders worth ₹2,349 crore, pushing its FY27 order inflows past ₹22,000 crore, Business Standard reported. The orders covered power transmission and buildings.
In September 2026, the company's subsidiary Linjemontage i Grastorp AB listed on Nasdaq Stockholm at SEK 46 per share, valuing it at SEK 2,357 million, BusinessLine reported. Kalpataru Projects retained a 65.9% stake, and the listing marked the first time an Indian company listed a foreign subsidiary on the exchange.
In August 2026, Kalpataru Projects secured engineering, procurement and construction orders totaling ₹3,526 crore across industrial, transmission, distribution and residential segments, Business Standard reported.
What Comes Next for Kalpataru Projects
Kalpataru Projects said it intends to file an appeal against the order and the associated demand within the prescribed timelines.