Legal10 Mar 2026, 10:55 am
Dreamfolks Services Ltd Receives GST Demand Order of INR 7,00,22,336.50
AI Summary
Dreamfolks Services Ltd has received a GST demand order from the Office of the Special Commissioner of Revenue, Bureau of Investigation (South Bengal) amounting to INR 7,00,22,336.50, including a tax of INR 3,50,11,168.25 and a penalty of INR 63,65,667.00. The alleged order pertains to an alleged violation of the provisions relating to 'place of supply' under Section 12(3) of the IGST Act, 2017 for the financial year 2022-23. The company does not presently envisage any immediate material impact on its financials, operations, or other activities arising from the said matter and is evaluating appropriate recourse of action to challenge the aforesaid Order.
Key Highlights
- Dreamfolks Services Ltd received a GST demand order from the Office of the Special Commissioner of Revenue, Bureau of Investigation (South Bengal).
- The total amount demanded is INR 7,00,22,336.50, including a tax of INR 3,50,11,168.25 and a penalty of INR 63,65,667.00.
- The alleged order pertains to an alleged violation of the provisions relating to 'place of supply' under Section 12(3) of the IGST Act, 2017 for the financial year 2022-23.
- The company does not presently envisage any immediate material impact on its financials, operations, or other activities arising from the said matter.
- Dreamfolks Services Ltd is evaluating appropriate recourse of action to challenge the aforesaid Order.