10-Oct-2026 15:04:55

DREAMFOLKS : RECEIVES GST DEMAND CUM SHOW CAUSE NOTICE FOR RS 1.58 CR TAX AND PENALTY

Notice from Office of the Commissioner of CGST (Audit), Gurugram, for FY22 ITC availed on invoices from a supplier whose GST registration was cancelled retrospectively. Demand is tax of ₹78.87 L plus an equal proposed penalty of ₹78.87 L (total ₹1.58 Cr) with applicable interest; company states no immediate material impact on financials or operations and is preparing a reply within the prescribed timeline.

Dreamfolks Services Limited

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