Nasscom bats for Infosys, says Rs 32k Cr GST notice shows lack of understanding of industry model

Quick Summary:

Flagging the issue of the applicability of GST through the reverse charge mechanism, Nasscom rued that multiple companies are facing avoidable litigation, uncertainty, and concerns from investors and customers.

Infosys argued that GST payments are eligible for credit or refund against the export of IT services.

Accelerating services exports is key to India's ambition of 'Viksit Bharat' and for attracting global tech investment to India, it added.

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Article Details

Author / Journalist: Press Trust of India

Category: StartupsEconomyBusiness

Markets: India

Topics: Cause Policy Privacy Infosys Services Nasscom Notice Company Understanding Pre-show Lack

Source Website Secure: Yes (HTTPS)

News Sentiment: Negative

Fact Checked: Legitimate

Article Type: News Report

Published On: 2024-08-01 @ 11:28:11 (10 hours ago)

News Timezone: GMT +8:00

News Source URL: yourstory.com

Language: English

Article Length: 423 words

Reading Time: 3 minutes read

Sentences: 22 lines

Sentence Length: 20 words per sentence (average)

Platforms: Desktop Web, Mobile Web, iOS App, Android App

Copyright Owner: © YourStory

News ID: 21885347

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Official Website: yourstory.com

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