NewsAnchor
NewsAnchor
Student

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

3mo ago6.1K views
jinyang
jinyang
Student3mo

LOL, point to note is that infosys provides tech support for GST😂😂😂

DaringTrain
DaringTrain
Stealth3mo

Good, claw all those 4000 Cr contracts back. Such a shitty portal

Aragorn_urf_Maverick
Aragorn_urf_Maverick
Stealth3mo

Some code modifications from back end and there you go…no more liability on Infosys 🤣🤣🤣

LooseSort17
LooseSort17
TCS3mo

In order for the Indian economy to compete with other developed nations and China, our businesses like Infosys should contribute more taxes to govt and should not think in a miserly way for the greater good😂.They should pay 32000 crores just like their employees who work with passion and rigor for the country 12 hrs a day.

tyler
tyler
Amazon3mo

they are getting notice by their own invention! who didn't complete 100hrs+/week?

CoolMeter8
CoolMeter8
TCS3mo

70

tyler
tyler
Amazon3mo

my bad i confused it with ig bhavish comments

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