Tera Software Limited — Others, 25-08-2025: Action(s) taken or orders passed

Tera Software announced the withdrawal of two significant Goods and Services Tax (GST) demand orders. The Assistant Commissioner, Ranchi South, Jharkhand, has withdrawn demand orders totaling Rs. 25.90 Cr related to Input Tax Credit (ITC) claimed for multiple financial years. Additionally, an order disallowing ITC of Rs. 0.32 Cr for late GST filing in West Bengal for FY 2019-20 was set aside by the Joint Commissioner, Kolkata. These actions eliminate substantial potential liabilities, greatly strengthening the company's financial standing. This positive development removes a significant overhang for shareholders.