Dreamfolks Services Wins GST Appeal, ₹1.35 Cr Demand Set Aside

Dreamfolks Services Limited has received a favorable order from the Commissioner of CGST & Central Excise (Appeals-II), Mumbai, setting aside a GST demand order of Rs. 1,35,09,720/- plus applicable interest and a penalty of Rs. 13,50,972/-. The original demand was issued by the Assistant Commissioner, Division - VI CGST & Central Excise, Mumbai East Commissionerate on August 31, 2024. The company was alleged to have made an incorrect claim of Input Tax Credit (ITC) for the financial year 2019-20. This favorable order is a significant relief for the company, resolving a substantial tax dispute.