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Informative

Relief to Infosys: DGGI cuts down Rs. 3,898 Crore for FY 17-18 from Pre-SCN Incident Report

Update / Judgement Date

06 Aug 2024

Source

Taxscan

Author

Team — WCP Legal Desk

Reading Time

1 min read

Corporate ComplianceGSTIncome Tax

Infosys received relief from the Directorate General of GST Intelligence (DGGI), which reduced a substantial tax demand of Rs. 3,898 crore for the financial year 217-18 from the pre-Show Cause Notice (SCN) incident report. This reduction in demand highlights the importance of detailed assessments and audits before issuing tax notices. It also underscores the ongoing scrutiny of major corporations by tax authorities and the potential for significant tax adjustments upon review.