Tax & Penalty14 May 2026, 06:01 pm
Hexaware: Appellate Order Sets Aside ₹15.13 Cr Demand
AI Summary
Hexaware Technologies Ltd. has received a favorable order from the appellate authority, setting aside a demand of ₹15.13 crore (including a penalty of ₹1.32 crore and applicable interest) for FY2020-21. The demand was related to alleged non-payment of tax on non-realization of export proceeds. As a result of the appellate order, the entire demand, including interest and penalty, has been reduced to NIL. This order has no impact on the company's financials or operations.
Key Highlights
- Hexaware receives favorable order regarding GST demand.
- Appellate authority sets aside ₹15.13 Cr demand for FY21.
- The demand included ₹1.32 Cr penalty and applicable interest.
- The entire demand has been reduced to NIL.
- Order has no impact on Hexaware's financials or operations.