Kalpataru Projects Gets GST Tax Notice - Rs 12 Lakh Demand
By Rediff Money Desk, New Delhi Aug 22, 2024 15:05
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.
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.
Source: PTI
DISCLAIMER - This article is from a syndicated feed. The original source is responsible for accuracy, views & content ownership. Views expressed may not reflect those of rediff.com India Limited.
You May Like To Read
TODAY'S MOST TRADED COMPANIES
- Company Name
- Price
- Volume
- G V Films
- 0.82 ( -9.89)
- 67201825
- Reliance Power L
- 36.26 (+ 0.25)
- 46114943
- GTL Infrastructure
- 2.87 (+ 3.24)
- 35969601
- Alstone Textiles
- 0.83 ( -2.35)
- 30337142
- RattanIndia Power
- 16.56 (+ 1.66)
- 29170196
MORE NEWS
Surety Bonds for India's Infrastructure...
Irdai Chairman highlights the crucial role of surety bonds in supporting India's...
SBI Life Faces Rs 239 Crore GST Demand
SBI Life received a GST demand notice of Rs 239.27 crore for FY 2019-20, related to...
DPIIT Revokes Copyright Rule Extension for...
DPIIT has withdrawn a 2016 memorandum extending copyright law to internet...