Latest News | Infosys Faces Penalty from Odisha GST Dept
Get latest articles and stories on Latest News at LatestLY. IT services major Infosys on Tuesday said the Odisha GST authority has imposed a penalty of Rs 1.46 lakh on the company for availing ineligible input tax credit.
New Delhi, Apr 23 (PTI) IT services major Infosys on Tuesday said the Odisha GST authority has imposed a penalty of Rs 1.46 lakh on the company for availing ineligible input tax credit.
Infosys in an exchange filing said it received the order on April 22, 2024, passed by Assistant Commissioner of State, Odisha (GST) for the collection of a penalty of Rs 1,46,873.
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The penalty has been imposed on credit availed on ineligible Input Tax Credit for 2018-19, the filing said.
Infosys clarified that there was no material impact on financials, operations or other activities of the company.
Over the delay in filing, the company said it was in the process of determining further steps post checking the veracity.
(The above story is verified and authored by Press Trust of India (PTI) staff. PTI, India’s premier news agency, employs more than 400 journalists and 500 stringers to cover almost every district and small town in India.. The views appearing in the above post do not reflect the opinions of LatestLY)