Singapore Tax Authority Fines Infosys Rs 66 Lakh Over GST Payment

Singapore: Infosys fined over SGD 97,000 by IRAS for GST lapse - Connected to India News I Singapore l UAE l UK l USA l NRI

Infosys has come under regulatory scrutiny in Singapore, with the Inland Revenue Authority of Singapore (IRAS) imposing a financial penalty on the Indian IT major. Infosys building in Thiruvananthapuram, Kerala, India. Photo courtesy: Binoyjsdk/Wikipedia According to a stock exchange filing on August 13, the IRAS has levied a penalty of SGD 97,035.9, which amounts to over INR 66 lakh, in connection with Goods and Services Tax (GST) payments for …

Singapore Tax Authority Fines Infosys Rs 66 Lakh Over GST Payment

Inland Revenue Authority of Singapore has imposed a penalty of 97,035 Singapore dollars over Rs 66 lakh on Infosys, the IT company said in a regulatory filing. The order was communicated to the company on August 13.According to data shared by Infosys on late Wednesday evening, the Inland Revenue Authority of Singapore, which administers and collects taxes, has levied the penalty of 97,035.9 SGD, which pertains to "Singapore GST payment for the p…