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Infosys Limited ( (IN:INFY) ) just unveiled an update.
Infosys Limited has disclosed a communication from the Joint Commissioner of CGST regarding a penalty of INR 13,60,11,264 for alleged non-payment of GST related to employee stays in guest houses for business purposes from FY 2018-19 to 2022-23. The company stated that there is no material impact on its financials or operations due to this penalty, and it is currently verifying the details of the communication to determine further steps.
More about Infosys Limited
Infosys Limited is a global leader in technology services and consulting. The company provides a range of services including software development, maintenance, and independent validation to clients in various industries. Infosys is known for its focus on digital transformation and innovation, catering to a global clientele.
Average Trading Volume: 444,221
Technical Sentiment Signal: Buy
Current Market Cap: 6479.6B INR
See more data about INFY stock on TipRanks’ Stock Analysis page.