Tera Software Limited has informed the Exchange about Action(s) initiated or orders passed
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Tera Software Limited informed the exchanges that six writ petitions it had filed were disposed of by the High Court of Jharkhand, Ranchi on August 4, 2025. These petitions challenged a GST demand of approximately Rs. 25.90 crore (Rs. 25,90,21,450) raised by the Joint Commissioner of State Tax, Ranchi, which had disallowed Input Tax Credit (ITC) claimed by the company for FY 2017-18 to 2022-23. The court disposed of the petitions with a direction to the State Tax Officer to consider the company's reply to the notice (issued under Section 61 of the Jharkhand GST Act, 2017) and decide the matter within four weeks. The company has stated that as the writ petitions were disposed in its favor, the original demand order no longer holds legal ground and the company bears no liability, calling it a highly favourable outcome.
This is a positive development for shareholders as the Rs. 25.9 crore GST demand — which could have meaningfully impacted the company's financials — has effectively been set aside, with the court directing reconsideration of the company's reply. The stock may see a positive reaction, though final resolution still depends on the State Tax Officer's decision within the next four weeks.