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Informative
Infosys Issues Clarification on Rs 32,403 Crore GST Evasion Allegations
Update / Judgement Date
01 Aug 2024
Source
Author
Team — WCP Legal Desk
Reading Time
1 min read
Corporate ComplianceExcise, VAT & CustomGST
Infosys has clarified allegations of Rs 32,403 crore GST evasion, stating it has adhered to all GST regulations. The Karnataka State GST authorities issued a pre-show cause notice regarding GST on expenses of Infosys's overseas branches for July 2017 to March 2022. Infosys maintains that GST is not applicable to these expenses, per Circular No. 210/4/2024 from the Central Board of Indirect Taxes and Customs. Infosys reiterated its compliance with GST regulations and is actively responding to the authorities.
