- Karnataka GST Department withdraws pre-show cause notice issued to Infosys
- Infosys was under investigation for alleged evasion of IGST amounting to Rs 32,403 crore
- Infosys operates overseas branches considered distinct entities under IGST Act 2017
- Infosys believes GST is not applicable on expenses incurred by overseas branches
- Infosys reiterates it has paid all GST dues and fully complies with regulations
Source: a2ztaxcorp.com
Note that this post was (partially) written with the help of AI. It is always useful to review the original source material, and where needed to obtain (local) advice from a specialist.
Latest Posts in "India"
- Bombay HC Rules Freight Charges Reimbursed by Wholesalers Not Part of Sale Price
- GST Council announces major rate restructuring and exemptions
- Traders Face Penalties for Not Passing GST Reductions to Customers, Warns Government
- CBIC Clarifies GST Implications on Secondary or Post-Sale Discounts for Businesses
- India Slashes GST on Drones to 5%, Boosting Domestic Manufacturing and Sectoral Growth
