Infosys Receives ₹30.72 Lakh GST Penalty; Says No Material Impact on Financials

Bengaluru, January 31, 2025 – Infosys Limited (NSE: INFY, BSE: 500209, NYSE: INFY) has disclosed that it received multiple penalty orders from the Office of the Superintendent of Central Tax, Department of Revenue, Ministry of Finance, Government of India, under the Goods and Services Tax (GST) framework.

Key Highlights:​

• Authority: Office of the Superintendent of Central Tax, Department of Revenue, Ministry of Finance, Government of India
• Nature of Action: Orders passed with a total penalty of ₹30,72,223/-
• Date of Communication: January 29, 2025, at 19:51 IST
• Violation Alleged: Non-payment of GST under the Reverse Charge Mechanism (RCM)

Company Response & Impact​

Despite the penalty, Infosys has assured stakeholders that there is no material financial, operational, or business impactarising from this action. The company also cited an internal review process for the delay in disclosure.

"This is for your information and records. This will also be hosted on the Company’s website," stated A.G.S. Manikantha, Company Secretary, in the regulatory filing.

Next Steps​

Infosys has not explicitly mentioned whether it intends to appeal or settle the penalty. Investors and stakeholders will closely watch for further clarifications from the company in the coming days.