ScoutQuest15 Oct 2026
Dreamfolks Services543591Tax or GST

GST appellate authority sets aside Rs. 1.35 crore demand and Rs. 13.51 lakh penalty

Dreamfolks Services has received a favourable order dated October 14, 2026 from the GST Appellate Authority (Office of the Commissioner of CGST & Central Excise, Appeals-II, Mumbai).

By ScoutQuest · · 1 min read

GST Demand Set Aside
Rs. 1.35 crore plus applicable interest
Penalty Set Aside
Rs. 13.51 lakh
Favourable Order Date
October 14, 2026

What the company has disclosed

The company has received a favourable order dated October 14, 2026 from the Office of the Commissioner of CGST & Central Excise (Appeals-II), Mumbai — the GST Appellate Authority. This order sets aside the GST Demand Order passed earlier by the Office of the Assistant Commissioner, Division - VI CGST & Central Excise, Mumbai East Commissionerate dated August 31, 2024.

What the earlier order had imposed

What the dispute was about

The company was alleged to have taken a wrong claim of Input Tax Credit (ITC) on account of a difference in ITC between GSTR-3B and GSTR 2A during the year 2019-20.

What has changed now

The company has marked the impact on its financial, operational or other activities, quantifiable in monetary terms, as NA.

Context

This disclosure is stated to be in continuation of the company's intimation dated September 01, 2024 on the same matter. The information is also available on the company's website.

More numbers
  • GST demand set asideRs. 1,35,09,720 /-
  • Penalty set asideRs. 13,50,972/-
Source: BSE · 15 Oct 2026

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