Infosys Gets Pre-Show Cause Notice For Alleged Rs 32,400-Crore GST Evasion
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Infosys, in a stock exchange filing, called the notice a 'pre-show cause' notice and said it believes the GST is not applicable on these expenses.
The Bengaluru-headquartered IT firm said Karnataka State GST authorities have issued a pre-show cause notice for payment of GST of ₹32,403 crores for the period July 2017 to March 2022 towards the expenses incurred by overseas branch offices of Infosys Limited, and added that the company has responded to the pre-show cause notice.
"...the Company has also received a pre-show cause notice from Director General of GST Intelligence on the same matter and the Company is in the process of responding to the same," the filing said.