𝗪𝗵𝘆 𝘁𝗵𝗲 𝗢𝗱𝗶𝘀𝗵𝗮 𝗚𝗦𝗧 𝗗𝗲𝗽𝗮𝗿𝘁𝗺𝗲𝗻𝘁 𝗶𝗺𝗽𝗼𝘀𝗲𝗱 𝗮 𝗽𝗲𝗻𝗮𝗹𝘁𝘆 𝗼𝗳 𝗥𝘀. 𝟭.𝟰𝟲 𝗹𝗮𝗸𝗵𝘀 𝗼𝗻 𝗜𝗻𝗳𝗼𝘀𝘆𝘀? In a recent stock exchange filing, Infosys, a major player in IT services, has informed been penalized by the Odisha GST authority.

The penalty, amounting to Rs 1.46 lakh, has been imposed for availing ineligible input tax credit. 📑

The order, passed by the Assistant Commissioner of State, Odisha (GST), was received by Infosys on April 22, 2024. The penalty pertains to the credit availed on ineligible Input Tax Credit for the fiscal year 2018-19. 💼

Infosys has clarified that this penalty has no material impact on the company’s financials, operations, or other activities. 📊