Kalpataru Projects International gets tax notice from GST Authority

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.