Friday, Jan 2: Infosys has informed stock exchanges that it has received a communication from the Deputy Commissioner of Commercial Taxes seeking the collection of a penalty amounting to Rs 40.72 lakh, according to a regulatory filing.
The penalty relates to an alleged under-declaration of turnover due to a mismatch in credit notes reported in GSTR-1 and GSTR-9 filings for the financial year 2018–19. The demand order was received by the company on January 1, 2026, at 10:30 AM IST.
In its disclosure under Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, Infosys clarified that the matter does not have any material impact on its financial position, operations, or other business activities. The company stated that the penalty is not significant enough to affect its overall performance.
Infosys also confirmed that the disclosure has been shared with all stock exchanges, including the BSE, NSE, and New York Stock Exchange, and has been uploaded on its official website.
The clarification comes amid heightened scrutiny around GST compliance and reporting reconciliations across large corporates, especially for legacy assessment years.
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