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Tech Mahindra has received a penalty order from the Office of Deputy Commissioner of State Tax, Pune, amounting to ₹39.39 lakh in connection with a GST audit for the financial year 2020-21. The penalty arises from allegations of incorrect Input Tax Credit claims and disallowance of exemptions related to service exports and supplies to SEZ locations. The company plans to appeal against the order, expressing optimism for a favorable outcome and assessing no material financial impact from this penalty. Investors should monitor the situation closely, as the appeal process could influence Tech Mahindra’s financial standing.