Infosys has received a communication regarding a penalty related to discrepancies in turnover declaration. The penalty, amounting to INR 40,72,525, stems from a mismatch in credit notes declared in GSTR-1 versus GSTR-9 for the financial year 2018-19. The company states that this has no material impact on its financials or operations.
Penalty Regarding Turnover Discrepancy
Infosys has received a communication regarding a penalty from the Deputy Commissioner of Commercial Taxes. The order relates to discrepancies in turnover declaration.
Details of the Communication
The order was passed on January 01, 2026, with the communication received at 10:30 IST. The total penalty amounts to INR 40,72,525.
Nature of the Discrepancy
The penalty is related to an alleged mis-match in credit notes declared in GSTR-1 versus GSTR-9 for the F.Y. 2018-19.
Impact Assessment
Infosys has stated that there is no material impact on the company’s financials, operations or other activities.
Source: BSE
