Infosys has received a communication regarding a penalty of INR 7,49,10,389 from the Deputy Commissioner of Commercial Taxes. The penalty relates to alleged non-realization or delay in realization of export proceeds, availment of ineligible ITC, and other issues like RCM impact of services. The company asserts that this will not materially impact its financials or operations.
Penalty Communication Details
Infosys has received communication regarding a penalty related to various tax matters. The communication was received on December 29, 2025, at 16:24 IST.
Penalty Amount
The total penalty amount is INR 7,49,10,389. This pertains to orders passed/action taken by the Deputy Commissioner of Commercial Taxes.
Reasons for Penalty
The alleged violations leading to the penalty include:
- Demand issued for alleged non-realization or delay in realization of export proceeds.
- Availment of ineligible ITC.
- Other issues such as RCM impact of services.
- Sale of investments.
- Staff welfare expense.
- Write-off cases of exports for the FY 2021-22.
Impact Assessment
Infosys states that there is no material impact on its financials, operations, or other activities as a result of this penalty.
Source: BSE
