Tera Software Limited — Others, 08-08-2025: Action(s) initiated or orders passed

Tera Software Limited's writ petitions regarding a GST demand of Rs. 25.90 Crore for disallowed Input Tax Credit have been disposed by the High Court of Jharkhand. The court directed tax authorities to review the company's detailed reply to the original notice and issue a decision within four weeks. The company considers this a very positive development, as it believes the previous demand order is no longer legally valid. This outcome significantly strengthens the company's financial position by alleviating a substantial potential liability.