Infosys gets clean chit in Rs 32k crore GST case


Infosys gets clean chit in Rs 32k crore GST case

BENGALURU: The Director General of GST Intelligence (DGGI) has closed the pre-show cause notice proceedings against Infosys in the Rs 32,000-crore tax controversy. “In continuation of our earlier communications on July 31, 2024, Aug 1, 2024, and Aug 3, 2024, on GST, this is to inform that the company today received a communication from the DGGI closing the pre-show cause notice proceedings for the financial years 2018-19 to 2021-22,” Infosys said in a stock exchange filing on Friday.“It may be noted that the company received and responded to a pre-show cause notice issued by DGGI for the period July 2017 to March 2022 on the issue of non-payment of IGST under the reverse charge mechanism. The GST amount as per the pre-show cause notice for this period was Rs 32,403 crore. “The company received a communication from DGGI on Aug 3, 2024, closing the pre-show cause notice proceedings for the financial year 2017-2018. With the receipt of today’s communication from DGGI, this matter stands closed,” the filing said.



  • Related Posts

    Dark patterns alert: CCPA tells e-commerce platforms to self-audit for deceptive design practices; violators already under scanner

    In a move to bolster digital consumer protection, the Central Consumer Protection Authority (CCPA) has directed all e-commerce platforms to conduct self-audits within three months to identify and eliminate “dark…

    FPIs pull Rs 8,749 crore from stock market in June’s first week; sharp reversal after RBI rate cut; NSDL data shows

    NEW DELHI: Foreign Portfolio Investors (FPIs) displayed negative investment patterns in the stock market during the initial week of June. FPIs withdrew a total of Rs 8,749 crore from equities…

    Leave a Reply

    Your email address will not be published. Required fields are marked *