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📋 Filing Types Available on ForgeUp Filings Sourced from BSE corporate announcements (equity segment). Companies covered are BSE-listed and most are also listed on NSE. We show only material filings.
Financial Results Orders Dividend Buyback Merger / Acquisition Board Meeting Outcome Fundraise (QIP / Rights / FPO) Regulatory / Court Order Credit Rating Change Promoter Pledge Update Management Change Joint Venture / MOU Delisting Bonus Shares Stock Split
Data sourced from BSE India corporate announcements. More categories will be added over time.
Kolte-Patil Developers Ltd

Kolte-Patil Developers Receives GST Demand Notice of Rs. 64.4 Crore

REGULATORY ◆ Monitor Closely MEDIUM RISK
📅 Filed on BSE: 04 Jun 2026, 05:07 PM IST  ·  BSE ID: 4de112b5-27b3-43d8-813c-9b6825a27c7a
View Original BSE Filing (PDF)
💡
In Simple Terms
The company received a tax demand notice of over Rs. 64 crore for GST related to redevelopment projects, which it disputes.
🤖 AI Summary
  • Kolte-Patil Developers received GST demand notices totaling Rs. 64,41,50,436.
  • The demand covers financial years from 01-04-2020 to 31-03-2026.
  • Notices relate to TDR purchase and redevelopment project services.
  • Company assesses demand as not maintainable and does not foresee financial impact.
🔢 Key Numbers - exact figures from BSE filing, not rounded
GST Liability Demand
Rs. 64,41,50,436
🏢 How This Affects the Company
💰
Financial Impact
The company disputes the GST demand of Rs. 64,41,50,436 and does not envisage a relevant impact on its financials.
⚠️
Risk Impact
The company faces a potential financial risk if the GST demand is upheld, although it is evaluating legal options and disputes maintainability.
👥 What This Means For Shareholders
✅
Action Required
No immediate action is required from shareholders; monitor company disclosures on this matter.
👤
Who Is Affected
All shareholders are indirectly affected by potential future financial implications if the GST demand is not successfully contested.
🔍
Management Signal
Management is proactively engaging with the tax authorities and believes the demand is not maintainable, indicating a defensive posture.

For information only. Not investment advice. ForgeUp is not SEBI-registered.

👁 Watch List - track these upcoming events
Company's update on legal review of GST demand.
Any further communication from tax authorities.
Future financial statements for any provisions made.
MEDIUM RISK Significant GST demand of Rs. 64.4 crore, although disputed by the company.
💡 Investor Takeaway
Kolte-Patil Developers faces a Rs. 64,41,50,436 GST demand for FY2020-2026 related to redevelopment projects. The company disputes this and does not expect financial impact.
⚖️ Strengths & Concerns

⚠️ Concerns

  • Rs. 64,41,50,436 GST liability demand including interest and penalties for FY2020-2026.
❓ Frequently Asked Questions
What is the total GST demand received by Kolte-Patil Developers?
Kolte-Patil Developers received intimations for a GST liability of Rs. 64,41,50,436, including interest and penalties.
For which financial years is the GST demand applicable?
The GST demand is applicable for the financial years from 01-04-2020 to 31-03-2026.
What are the reasons for the GST demand?
The demand relates to the purchase of TDR, construction services provided to society members, and development rights procured from society members in redevelopment projects.
What is Kolte-Patil Developers' assessment of the financial impact?
The company's assessment is that the demand is not maintainable and it does not envisage any relevant impact on its financials.

Questions based on this BSE filing only. For information purposes.

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⚠️ For Information Only - Not Investment Advice
ForgeUp Filings provides AI-generated summaries of public BSE exchange announcements (equity segment) for informational purposes only. Nothing here constitutes investment advice or a recommendation to buy, sell, or hold any security. ForgeUp is not a SEBI-registered investment advisor. All financial numbers are sourced directly from BSE filings and shown as-is. Past data is historical only. Please consult a qualified financial advisor before making investment decisions. Data sourced from BSE India public disclosures.
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