Infosys Faces Allegations of Rs 32,000 Crore GST Evasion

• Infosys has received a pre-show cause notice for alleged GST evasion amounting to ₹32,403 crore.
• The notice, issued by Karnataka GST authorities, covers the period from July 2017 to March 2022.
• Infosys claims GST is not applicable to expenses incurred by its overseas branches, citing a recent circular.
• The company asserts it has paid all GST dues and remains compliant with regulations.
• GST Intelligence alleges Infosys owes IGST under the reverse charge mechanism for overseas branch expenses.

Source: Financial Express