Infosys is fined due to difference in sales tax

IT giant Infosys has been fined $3,142.02 by the Texas Comptroller of Public Accounts, which amounts to around Rs 2.60 lakh.

The fine is attributed to the failure to pay sales tax for the period of April 2024, as highlighted in a recent filing with the regulator.

This incident underlines the importance of timely tax compliance for multinational companies operating in different jurisdictions.

(This story has not been edited by Devdiscourse staff and is auto-generated from a syndicated feed.)

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