Infosys coded tax network in India, it got a Rs 32,400 cr GST notice

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Infosys coded tax network in India, it got a Rs 32,400 cr GST notice - Business Standard

Quick Summary:

And since the Indian company is paying their expenses and billing global customers for the same, it is liable to pay GST on the supply of services received from its branches overseas.

The Bengaluru-based firm sent out another statement Thursday evening, saying that the pre-show-cause notice by the state authority had been withdrawn, and it had been directed to submit a response to the GST intelligence directorate in New Delhi.

After all, if there is a loophole in the law through which services that are being exported to global corporate clients become liable for a local Indian consumption tax, then it’s the GST code itself that needs a fix.