DGGI closing pre-show cause GST notice proceedings of Rs 3,898 Cr for 2017-18: Infosys

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DGGI closing pre-show cause GST notice proceedings of Rs 3,898 Cr for 2017-18: Infosys - YourStory

Quick Summary:

Earlier this week, the second largest IT services company of India received a Rs 32,403-crore GST notice from authorities.

DGGI is the apex intelligence and investigative agency for matters relating to violation of the Goods and Services Tax, Central Excise Duty and Service Tax, and has been entrusted with the task of improving compliance with Indirect Tax laws.

"Hence, M/s Infosys Ltd, Bengaluru is liable to pay IGST under reverse charge mechanism on supplies received from branches located outside India to the tune of Rs 32,403.46 crores for the period 2017-18 (July 2017 onwards) to 2021-22," it added.