NSE/BSE Codes: BSE: 543591, NSE: DREAMFOLKS
Summary of Key Information:
Nature of Event / Disclosure:
Regulatory disclosure under SEBI LODR Regulation 30 regarding receipt of a Show Cause Notice from GST authorities.
Involved Parties / Authorities:
Office of the Assistant Commissioner of Central Tax, Gachibowli Division 10-3-301-303, 4th Floor, Sreenath Heights, Humayun Nagar, Masab Tank, Hyderabad – 500028, Telangana, India.
Date / Timeline of Event:
- Notice Date: September 30, 2026
- Date of Receipt: September 30, 2026
- Financial Year in Question: 2022-23
Brief Description of Outcome / Dispute:
The Show Cause Notice pertains to differences between Input Tax Credit (ITC) reported in FORM GSTR-3B versus the ITC reflected in FORM GSTR-2A for the Financial Year 2022-23 under the Central Goods and Services Tax Act, 2017 and Integrated Goods and Services Tax Act, 2017.
Impact of Outcome:
Financial Impact:
The notice demands total payment of ₹1,87,56,965 broken down as:
- IGST Tax: ₹6,743 + Penalty: ₹674 = Total: ₹7,417
- CGST Tax: ₹85,22,522 + Penalty: ₹8,52,252 = Total: ₹93,74,774
- SGST Tax: ₹85,22,522 + Penalty: ₹8,52,252 = Total: ₹93,74,774
- Grand Total Tax: ₹1,70,51,787
- Grand Total Penalty: ₹17,05,178
- Grand Total Demand: ₹1,87,56,965
The Company states it does not presently envisage any immediate material impact on its financials arising from this matter.
Operational / Business / Strategic Impact:
The Company states it does not presently envisage any immediate material impact on its operations or other activities arising from this matter.
Other Implications:
No material disclosures in this section.
Next Steps / Required Actions:
The Company is in the process of submitting an appropriate response to the Show Cause Notice.