Synopsis<\/p>\n\n\n\n
Zensar Technologies has been hit with a Rs 1.76 crore tax penalty over service tax return discrepancies. The company, part of the $4.8 billion RPG Group, says the penalty won’t impact operations.<\/p>\n\n\n\n
Pune-based Zensar Technologies<\/a> has been served a Rs 1.76 crore tax penalty<\/a>, according to an exchange filing on Thursday.<\/p>\n\n\n\n The penalty was imposed due to inconsistencies in service tax returns<\/a>, the company said in the filing.<\/p>\n\n\n\n Zensar Tech is part of the $4.8-billion RPG Group<\/a> conglomerate, with a total services revenue of $591.3 million as on March 2024.<\/p>\n\n\n\n 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.<\/p>\n\n\n\n In July, last year<\/a>, Zensar Technologies<\/a> had acquired a 100% membership interest in US-based BridgeView Life Sciences<\/a>, through its wholly owned subsidiary Zensar Technologies Inc, for a total consideration of $25 million.<\/p>\n","protected":false},"excerpt":{"rendered":" Synopsis Zensar Technologies has been hit with a Rs 1.76 crore tax penalty over service tax return discrepancies. The company, part of the $4.8 billion RPG Group, says the penalty won’t impact operations. Pune-based Zensar Technologies has been served a Rs 1.76 crore tax penalty, according to an exchange filing on Thursday. The penalty was imposed due to […]<\/p>\n","protected":false},"author":1,"featured_media":6208,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[1],"tags":[],"class_list":["post-6207","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-top-it-company-in-chandigarh-mohali-and-panchkula"],"_links":{"self":[{"href":"https:\/\/neptunesolution.in\/blog\/wp-json\/wp\/v2\/posts\/6207","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/neptunesolution.in\/blog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/neptunesolution.in\/blog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/neptunesolution.in\/blog\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/neptunesolution.in\/blog\/wp-json\/wp\/v2\/comments?post=6207"}],"version-history":[{"count":1,"href":"https:\/\/neptunesolution.in\/blog\/wp-json\/wp\/v2\/posts\/6207\/revisions"}],"predecessor-version":[{"id":6209,"href":"https:\/\/neptunesolution.in\/blog\/wp-json\/wp\/v2\/posts\/6207\/revisions\/6209"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/neptunesolution.in\/blog\/wp-json\/wp\/v2\/media\/6208"}],"wp:attachment":[{"href":"https:\/\/neptunesolution.in\/blog\/wp-json\/wp\/v2\/media?parent=6207"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/neptunesolution.in\/blog\/wp-json\/wp\/v2\/categories?post=6207"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/neptunesolution.in\/blog\/wp-json\/wp\/v2\/tags?post=6207"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}