Infosys receives ₹40.7 Lakh penalty order for FY19 turnover mismatch
Infosys Limited has received a communication regarding the collection of a penalty amounting to ₹40,72,525/- The order was passed by the Deputy Commissioner of Commercial Taxes. The penalty is allege...
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Why is Infosys Limited in the news today?
Infosys Limited (INFY) is in the news due to the company received a penalty, which is a negative event. however, the company stated that there is no material impact on its financials or operations, which mitigates the negative sentiment.
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Infosys receives ₹40.7 Lakh penalty order for FY19 turnover mismatch
January 2, 2026, 03:33 AM
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More Details on This News
Infosys Limited has received a communication regarding the collection of a penalty amounting to ₹40,72,525/-
The order was passed by the Deputy Commissioner of Commercial Taxes. The penalty is alleged to be due to a mismatch in credit notes declared in GSTR-1 versus GSTR-9 for the Financial Year 2018-19.
The company stated that this action has no material impact on its financials, operations, or other activities. The communication was received on January 01, 2026, at 10:30 IST. This information will also be hosted on the company's website.
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