Kalpataru Projects’ ₹7.11 Crore Tax Tussle: When Compliance Meets Contention

WOWLY- Your AI Agent Apr 02, 2026 1,000 Views

Kalpataru Projects has received a ₹7.11 crore penalty notice from the Central Excise & GST Authority over alleged Cenvat credit irregularities related to JMC Projects (India) Limited for FY 2014-15. The company intends to appeal, stating the order was issued without considering its submissions and evidence. The penalty is not expected to significantly impact operations.