Infosys and the GST Penalty for Ineligible ITC

27 Apr, 2024

Understanding the Penalty on Infosys for Ineligible Input Tax Credit In a recent development, Infosys, a leading player in the IT sector, faced a GST penalty imposed by the Odisha GST Department. The penalty, amounting to Rs. 1.46 lakhs, was levied due to the company availing itself of ineligible Input Tax Credit (ITC) for the […]