The central government is likely to accept Infosys’ plea that GST does not apply to services availed from its offshore branch offices, after the Bengaluru office of DGGI issued a pre-show cause notice for ₹32,403.46 crore in IGST. The Karnataka State GST authorities have withdrawn the notice, and the taxpayer’s plea in light of the CBIC circular on import of services by a related person will likely be accepted. The government is actively discussing the Infosys tax matter for an early resolution, as India signals its seriousness about attracting investments.
Source A2ztaxcorp
Latest Posts in "India"
- VAT Pre-Deposit Refund Must Be Paid in Cash Under GST, Rules Madras High Court
- Karnataka High Court: Limitation for GST Refund Mandatory, Delay Condonable Under Writ Jurisdiction
- Karnataka High Court: GST Refund Limitation Mandatory, Delay Condonable Under Writ Jurisdiction
- GST Refund Limitation is Mandatory, but High Courts Can Condon Delay in Genuine Hardship Cases
- DGFT Tightens Certificates of Origin Rules, Mandates Automated Verification and Authorised Issuance
