The penalty was imposed due to inconsistencies in ref=”dofollow” data-ga-onclick=”Inarticle articleshow link click#Tech#href” href=”https://economictimes.indiatimes.com/topic/service-tax-returns” target=”_blank”>service tax returns, the company said in the filing.
Zensar Tech is part of the $4.8-billion ref=”dofollow” data-ga-onclick=”Inarticle articleshow link click#Tech#href” href=”https://economictimes.indiatimes.com/topic/rpg-group” target=”_blank”>RPG Group conglomerate, with a total services revenue of $591.3 million as on March 2024.
The US is its largest market, accounting for 67.2% of the revenue share. The company said the penalty will have no material impact on its financials, operation or other activities.
data-ga-onclick=”Inarticle articleshow link click#Tech#href” href=”https://economictimes.indiatimes.com/tech/information-tech/zensar-technologies-to-buy-us-firm-bridgeview-life-sciences/articleshow/111814825.cms?from=mdr” data-type=”tilCustomLink” target=”_blank”>In July, last year, ref=”dofollow” data-ga-onclick=”Inarticle articleshow link click#Tech#href” href=”https://economictimes.indiatimes.com/topic/zensar-technologies”…

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