Tata Consultancy Services Limited — Others, 27-12-2024: Action(s) taken or orders passed

Tata Consultancy Services Limited has received an order from the Joint Commissioner, CGST Noida, demanding tax on output services and imposing a penalty of ₹1.37 crore for FY2017-18 to FY2020-21. The company is preparing to appeal this order. Despite the regulatory scrutiny, TCS does not anticipate any material impact on its financial or operational activities. Investor sentiment may remain stable as the company addresses this challenge, viewing it as a manageable risk rather than a threat to its overall financial health.