Bengaluru, January 2, 2026: Infosys Limited on Thursday disclosed that it has received a communication for collection of a tax-related penalty amounting to ₹40.72 lakh, linked to an alleged mismatch in GST filings for the financial year 2018-19.
The communication was received on January 1, 2026 at 10:30 IST from the office of the Deputy Commissioner of Commercial Taxes. The demand pertains to an alleged under-declaration of turnover arising from discrepancies in credit notes reported between GSTR-1 and GSTR-9 filings for FY19.
Financial Impact Remains Non-Material
Infosys clarified that the penalty demand does not have any material impact on its financial position, operations, or other business activities. The company stated that the amount involved is not significant relative to its scale of operations and does not affect ongoing business performance.Context and Background
The matter relates to historical GST filings and involves differences in credit note disclosures for a past financial year. Infosys has acknowledged receipt of the communication and has taken note of the demand issued.Source:
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