Announced Fri, 2 Jan · 09:03 IST
Infosys Limited has informed the Exchange about General Updates
Regulatory & Legal View source PDF
INFY · price
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Price reaction · full curve
Awaiting price reaction for this filing.
AI summary
Infosys has received a penalty demand of INR 40,72,525 (about ₹40.7 lakh) from the Deputy Commissioner of Commercial Taxes. The demand relates to a mismatch in credit notes declared in GSTR-1 versus GSTR-9 returns for financial year 2018-19 under GST. The company has stated that this is a minor tax-related matter with no material impact on its financials, operations, or other activities.
Likely market impact
This is a small, routine GST tax demand with no material financial or operational impact on the company, so shareholders are unlikely to see any meaningful effect on the stock price.