Quick Summary
In response to recent media reports, Infosys Ltd. has clarified that there is no tax demand currently raised against the company and that a writ petition challenging the Directorate General of GST Intelligence's (DGGI) show-cause notice is pending before the Karnataka High Court. The clarificatio
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FAQ :
No, Infosys has clarified that there is no tax demand currently raised against the company. They have filed a petition challenging a show-cause notice from the DGGI.
The DGGI issued a show-cause notice amounting to Rs 414.88 crore, alleging that services rendered by Infosys's overseas branches do not qualify as 'export of services' under GST law, thus questioning the eligibility for refunds.
Infosys has filed a writ petition in the Karnataka High Court challenging the validity of the DGGI's show-cause notice.
Infosys has stated that there is no material impact of this reported issue on its operations or financial position.
Yes, Infosys has reiterated that it has always been fully compliant with all applicable central and state laws regarding GST refunds.
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