Dreamfolks Services LimitedDREAMFOLKSNSE
Dreamfolks receives GST show-cause notice over FY2022-23 input tax credit mismatch
As filed · Dreamfolks Services Limited has informed the Exchange about Show Cause Notice dated September 30, 2026.
RegulatoryDeterioratingLowmateriality 42 out of 100
What happened
FactDreamfolks Services received a September 30, 2026 GST show-cause notice concerning differences between input tax credit reported in GSTR-3B and reflected in GSTR-2A for FY2022-23. The notice seeks tax of Rs. 1,70,51,787 and penalty of Rs. 17,05,178, totaling Rs. 1,87,56,965; the company said it is preparing a reply and does not currently expect an immediate material impact.
Why it matters
CapitSignal interpretationRegulatory action carries direct monetary penalties and can restrict how the business operates until it is resolved.
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Fact- Quantum of penalty and whether it is appealed
- Any restriction placed on operations or licences
- Timeline given by the regulator
Evidence
How CapitSignal classified this
- Reasoning:
- The notice creates a potential GST liability of Rs. 1,87,56,965, subject to the company’s response and the authority’s subsequent action. Dreamfolks has stated that it does not presently envisage an immediate material financial or operational impact.
- Matched on:
- the filing's own subject line
- Confidence in the event type:
- 75%