Tera Software Limited has informed the Exchange about Action(s) initiated or orders passed
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Tera Software informed the exchanges that its writ petition challenging a GST demand of Rs. 12.05 crore (including tax, interest, and penalty) has been disposed of by the Andhra Pradesh High Court without costs. The original demand order (DRC-07) dated 15-Nov-2025 was issued by the Assistant Commissioner of Commercial Taxes, Tenali, for alleged excess Input Tax Credit claims and under-declaration of output tax in GSTR-3B versus GSTR-1 for the period July 2017 to August 2019. The company says there is no material impact on its financials or operations. The certified copy of the court order is yet to be received.
Negative for shareholders — the company has failed in its legal challenge to a Rs. 12+ crore GST demand, meaning the tax liability likely stands. The company is downplaying the impact, but the actual financial hit will become clearer once the formal order is received and reviewed.