Infosys Slapped with Fine Over Sales Tax Discrepancy

Infosys has been fined approximately Rs 2.60 lakh by the Texas Comptroller of Public Accounts for non-payment of sales tax in April 2024. The penalty, amounting to USD 3,142.02, was disclosed in a regulatory filing.

IT giant Infosys has received a fine of USD 3,142.02, translating to roughly Rs 2.60 lakh, from the Texas Comptroller of Public Accounts.

The penalty is attributed to the non-payment of sales tax for the period of April 2024, as highlighted in a recent regulatory filing.

This incident underscores the importance of timely tax compliance for multinational corporations operating in various jurisdictions.