Dreamfolks Services Limited has informed the Exchange about General Updates
DREAMFOLKS · price
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Dreamfolks Services has received a GST demand order dated March 9, 2026 from the Special Commissioner of Revenue, Bureau of Investigation (South Bengal), Kolkata. The order relates to alleged violations of 'place of supply' provisions under Section 12(3) of the IGST Act for FY 2022-23. The total demand is Rs. 7.00 crore, comprising Rs. 6.37 crore in tax (CGST Rs. 3.18 crore + SGST Rs. 3.18 crore) and Rs. 0.64 crore in penalty. The company has stated it does not foresee any immediate material impact on its financials or operations and is evaluating legal options to challenge the order.
While the total demand of Rs. 7 crore is notable, the company is contesting it and sees no immediate material financial impact. Shareholders should monitor the legal challenge outcome, as an unfavorable ruling could affect future earnings.