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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
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Kolte-Patil Developers Ltd

Kolte-Patil Developers Receives Rs. 103.8 Crore GST Show Cause Notice

REGULATORY ▼ Concern Flagged MEDIUM RISK
📅 Filed on BSE: 20 Jun 2026, 01:33 PM IST  ·  BSE ID: c29f84b4-d7dd-4aa1-8320-03a1b5dcc383
View Original BSE Filing (PDF)
💡
In Simple Terms
The company received a notice from GST authorities demanding Rs. 103.81 crore for past projects.
🤖 AI Summary
  • Kolte-Patil Developers received Rs. 103.81 crore GST show cause notice for redevelopment projects.
  • Notice pertains to TDR purchase, construction services, and development rights for society members.
  • Communication received from Assistant Commissioner of State Tax, Mumbai, Maharashtra on 19 June 2026.
  • Financial years covered are 01-04-2020 to 31-03-2026.
  • Incremental penalty due to this notice amounts to Rs. 39.40 crore.
🔢 Key Numbers - exact figures from BSE filing, not rounded
Total GST liability including interest and penalties
Rs. 103,81,78,300/-
Incremental penalty amount
Rs. 39,40,27,864/-
Period covered
01-04-2020 to 31-03-2026
🏢 How This Affects the Company
📈
Business Impact
This pertains to ongoing disputes with GST authorities regarding specific project accounting. The business operations themselves are not directly halted by this notice.
💰
Financial Impact
A contingent liability of Rs. 103,81,78,300/- including interest and penalties has been disclosed. An incremental penalty of Rs. 39,40,27,864/- is also stated.
⚙️
Operational Impact
No immediate operational changes are indicated by the filing. The company will engage with the authorities regarding the show cause notice.
⚠️
Risk Impact
This notice increases the financial risk associated with potential GST liabilities and penalties, particularly regarding redevelopment project structures.
👥 What This Means For Shareholders
✅
Action Required
No immediate action is required from shareholders. Shareholders should monitor future disclosures regarding the resolution of this GST matter.
👤
Who Is Affected
All shareholders are affected due to the potential financial impact of the disclosed GST liability and penalties.
🔍
Management Signal
Management is proactively disclosing regulatory communications as required, indicating adherence to compliance requirements.

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

👁 Watch List - track these upcoming events
Further communication or orders from GST authorities.
Company's response to the show cause notice.
Any financial provisions made in future results.
MEDIUM RISK Significant GST demand and potential penalties create financial uncertainty for the company.
💡 Investor Takeaway
Kolte-Patil Developers disclosed receipt of a Rs. 103.81 crore GST show cause notice for projects between April 2020 and March 2026, including an additional Rs. 39.40 crore penalty.
⚖️ Strengths & Concerns

⚠️ Concerns

  • Company faces a Rs. 103,81,78,300/- GST demand including interest and penalties for redevelopment projects.
  • An incremental penalty of Rs. 39,40,27,864/- has been stated in the latest show cause notice.
📅 Company Track Record
Kolte-Patil Developers had previously disclosed disputes over a Rs. 64.4 crore GST demand for redevelopment projects on 04 June 2026.

Based on publicly available historical data. For context only.

❓ Frequently Asked Questions
What is the total GST liability indicated in the show cause notice received by Kolte-Patil Developers?
Kolte-Patil Developers received a show cause notice for a total GST liability of Rs. 103,81,78,300/-, including interest and penalties.
What is the reason for the GST show cause notice issued to Kolte-Patil Developers?
The notice is in respect of GST liability for purchase of TDR, construction services to society members, and development rights procured under redevelopment projects.
What is the incremental penalty amount in the latest GST communication for Kolte-Patil Developers?
The incremental penalty due to the show cause notice received by Kolte-Patil Developers is Rs. 39,40,27,864/-.
Which financial periods are covered by the GST show cause notice issued to Kolte-Patil Developers?
The show cause notice covers the financial years from 01-04-2020 to 31-03-2026.

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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