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Infosys LimitedImportant, 31-01-2025: Updates

31-01-2025 | 05:55 pm

The company has received a penalty order from the Office of the Superintendent of Central Tax, amounting to INR 30.72 Cr for alleged non-payment of GST under the Reverse Charge Mechanism. While this penalty is notable, the company states that it will not have a material impact on its financials, operations, or other activities. The management is currently determining further steps regarding this order. Investors should monitor developments closely, but the overall outlook remains stable as the penalty does not pose a significant risk to the company's financial health.

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