Govt likely to withdraw Infosys $4 billion tax demand after backlash

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Govt likely to withdraw Infosys $4 billion tax demand after backlash - Business Standard

Quick Summary:

The GST Council, comprised of state finance ministers and chaired by the federal finance minister, will probably make a formal decision on Sept.9, said a second source.

Authorities last month ordered Infosys to pay the additional amount, arguing that its overseas offices should pay goods and services tax (GST) dating back to 2017.

Tax notices worth more than $1 billion combined to 10 foreign airlines operating in India, including Etihad and British Airways, will also likely be made redundant as the issue is similar, said the source.