Tata Consultancy Services Limited Receives Two Orders Passed by the Assistant Commissioner, State Tax, Chennai and the Superintendent of Gst & Central Excise, Thiruporur Range, Chennai
May 02, 2024 at 06:13 pm
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Tata Consultancy Services Limited has received two orders passed by the Assistant Commissioner, State Tax, Chennai and the Superintendent of GST & Central Excise, Thiruporur Range, Chennai. Name of the Authority: The Assistant Commissioner (StateTax) Royapettah Assessment Circle, Chennai; Nature and details of the action(s) taken, initiated or
order(s) passed: Order received from Authority confirming demand on short payment of GST on outward supply and disallowing Input tax credit of GST, levying interest under section 50 of the CGST/TNGST Act and levying a penalty under section 122(2)(a) of CGST/TNGST Act. Date of receipt of direction or order, including any ad-interim or interim orders, or any other communication from the authority: April 30, 2024; The Company has received the order from Authority levying penalty of INR 4,306,355/- under section 73(9) read with section
122(2) (a) of the CGST/TNGST Act; The Company is taking necessary steps to appeal against the Order before the appropriate Authority. The Company does not foresee any material impact on its financial, or operational or other activities; The order was received after business hours on April 30, 2024, and the next day i.e. May 1, 2024, was a public holiday. Hence, disclosure is made on May 2, 2024. Name of the Authority: The Superintendent of GST & Central Excise, Thiruporur Range, Chennai; Nature and details of the action(s) taken, initiated or order(s) passed: Order received from Authority appropriating GST paid on outward supply, levying interest under section 50 of the CGST Act and levying a
penalty under section 73(9) read with Section 122(2)(a) of CGST/TNGST Act. Date of receipt of direction or order, including any ad-interim or interim orders, or any other communication from the authority: May 1, 2024; The Company has received the order from Authority levying penalty of INR 30,217/- under section 73(9) read with section 122(2) (a) of the CGST/TNGST Act; The Company is taking necessary steps to appeal against the Order before the appropriate Authority. The Company does not foresee any material impact on its financial, or operational or other activities; The order was received on May 1, 2024, i.e. on a public holiday. Hence, disclosure is made on May 2, 2024.
Tata Consultancy Services Limited is one of the largest Indian IT services companies. Net sales break down by activity as follows:
- IT services (99%): consulting and engineering services, solutions and systems integration, management applications development, outsourcing services, etc.;
- sale of IT equipment and software licenses (1%).
Net sales break down by market between bank-financial services-insurance (40%), telecoms and media (16.5%), retail and distribution (15.6%), manufacturing industry (9.7%) and other (18.2%).
Net sales are distributed geographically as follows: India (5.71%), the Americas (51.3%), Europe (31.9%) and other (11.7%).
Tata Consultancy Services Limited Receives Two Orders Passed by the Assistant Commissioner, State Tax, Chennai and the Superintendent of Gst & Central Excise, Thiruporur Range, Chennai
TATA CONSULTANCY SERVICES LTD. 
