India's Infosys gets 324 billion rupees tax demand

Quick Summary:

BENGALURU : India's second-largest IT services company Infosys has received a goods and services tax demand of 324.03 billion rupees ($3.87 billion) from an Indian tax authority, a document viewed by Reuters showed.

Infosys did not immediately respond to a Reuters request for comment.

The tax demand relates to services availed by the IT services conglomerate from its overseas branches for five years starting 2017.

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Category: EconomyBusiness

Markets: SingaporeIndia

Topics: Services File Experience Signage Walks Demand Mediacorp Reuters Photo: Employee Infosys

Source Website Secure: Yes (HTTPS)

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Fact Checked: Legitimate

Article Type: News Report

Published On: 2024-07-31 @ 22:23:30 (4 hours ago)

News Timezone: GMT +8:00

News Source URL: channelnewsasia.com

Language: English

Article Length: 144 words

Reading Time: 1 minutes read

Sentences: 7 lines

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Copyright Owner: © Channel News Asia

News ID: 21873752

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