Yes, but in about 100+ years of test cricket, there have been only three instances when a team has gone on to win the match after being asked to follow on. It is very rare to pull massive comebacks and win the game, such as:
India v Australia, Kolkata, 2001; and
England v Australia, Headingley, 1981.
Teams following on still can force a draw by playing out the rest of the days left in the match. Read more