Kalpataru Projects Gets GST Tax Notice - Rs 12 Lakh Demand
Kalpataru Projects International Ltd received a tax notice from the GST Authority for Rs 10.50 lakh in taxes and Rs 1.50 lakh in penalties for FY 2019-20.
Illustration: Dominic Xavier/Rediff.com
New Delhi, Aug 22 (PTI) Kalpataru Projects International Ltd on Thursday said it has received a tax notice from the GST Authority.
The authority has demanded tax and penalty for the financial year 2019-20 on grounds of excess claim of Input Tax Credit, the company said in an exchange filing.
"The authority has demanded to pay an aggregate tax amount of Rs 10.50 lakh and a penalty of Rs 1.50 lakh. The authority has also proposed to levy interest as applicable," the filing said.
The authority has demanded tax and penalty for the financial year 2019-20 on grounds of excess claim of Input Tax Credit, the company said in an exchange filing.
"The authority has demanded to pay an aggregate tax amount of Rs 10.50 lakh and a penalty of Rs 1.50 lakh. The authority has also proposed to levy interest as applicable," the filing said.
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