Dreamfolks wins GST appeal, about Rs 1.35 crore demand set aside
DREAMFOLKS · price
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
On the reaction day the stock moved 1.5 pts less than Nifty Microcap 250 and 1.2 pts less than its Transport Infrastructure peers, over the same two closes: a difference in percentage points, not a measure of what the filing did.
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Dreamfolks Services received a favourable order dated October 14, 2026 from the Commissioner of CGST and Central Excise Appeals-II, Mumbai, setting aside an earlier demand of about Rs 1.35 crore plus applicable interest and a Rs 13.51 lakh penalty. The original demand dated August 31, 2024 related to alleged wrong Input Tax Credit claims arising from differences between GSTR-3B and GSTR 2A for FY 2019-20. The company has not quantified the financial impact.
Positive for shareholders as a potential tax liability of about Rs 1.49 crore plus interest has been set aside, removing an overhang.