Infosys Fined Rs 1.46 Lakh By Odisha GST For Ineligible Input Tax Credit

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Infosys Fined Rs 1.46 Lakh By Odisha GST For Ineligible Input Tax Credit

IT services major Infosys on Tuesday said the Odisha GST authority has imposed a penalty of Rs 1.46 lakh on the company for availing ineligible input tax credit.Infosys in an exchange filing said it received the order on April 22, 2024, passed by Assistant Commissioner of State, Odisha for the collection of a penalty of Rs 1,46,873.The penalty has been imposed on credit availed on ineligible Input Tax Credit for 2018-19, the filing said.Infosys …