DREAMFOLKS2026-10-10DREAMFOLKS2026-10-10in-capmkt:AtTheTimeOfBecomingPartyToLitigationOrAssessmentOrAdjudicationOrArbitrationOrDisputeMemberDREAMFOLKS2026-10-10OppositePartyAsPerSubPara8OfParaBDomain1DREAMFOLKSDreamfolks Services Limited543591NOTLISTEDINE0JS101016Pendency of any litigation(s) or dispute(s) (Sub-para 8-Para B)At the time of becoming the party to any litigation, assessment, adjudication, arbitration or disputeNewfalse2026-10-0916:33:002026-10-10Office of the Commissioner of CGST (Audit)2026-10-09AgencyOffice of the Commissioner of CGST (Audit), Gurugram Plot No. 24, Mudit Square, Sector-32, Gurugram, Haryana – 122001 (‘GST Authority’)CompanyDreamfolks Services LimitedCompany has received a Demand cum Show Cause Notice (‘SCN’) under Section 74(1) of the Central Goods and Services Tax Act, 2017 read with Section 20 of the Integrated Goods and Services Tax Act, 2017 and Rule 142 of the Central Goods and Services Tax Rules, 2017 for Financial year 2021-22 from GST Authority regarding a Tax of Rs.78,86,667 and proposed penalty of Rs. 78,86,667 along with applicable interest under applicable provisions of Central Goods and Services Tax Act, 2017 and Integrated Goods and Services Tax Act, 2017 as below: IGST: Tax - 78,86,667, Penalty - 78,86,667, Total - 1,57,73,334. The SCN pertains to ITC availed on invoices issued by a supplier whose GST registration was cancelled with retrospective effect. However, the supplier had deposited the applicable GST.The Company does not presently envisage any immediate material impact on its financials, operations or other activities arising from the said matter. The Company is in the process of submitting an appropriate reply to the aforesaid SCN within the prescribed timeline.Company has received a SCN under Section 74(1) of the Central Goods and Services Tax Act, 2017 read with Section 20 of the Integrated Goods and Services Tax Act, 2017 and Rule 142 of the Central Goods and Services Tax Rules, 2017 for Financial year 2021-22 from GST Authority regarding a Tax of Rs.78,86,667 and proposed penalty of Rs. 78,86,667 along with applicable interest under applicable provisions of Central Goods and Services Tax Act, 2017 and Integrated Goods and Services Tax Act, 2017.