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Centre likely to accept Infosys’ plea on GST notice

Livemint

Livemint · 11m ago

Centre likely to accept Infosys’ plea on GST notice

The central government of India is likely to accept Infosys' plea that goods and services tax (GST) does not apply to the services it receives from its offshore branch offices. This move could potentially resolve a tax dispute and prevent further litigation. Infosys had received a pre-show cause notice from the Directorate General of GST Intelligence (DGGI), stating that it had not paid ₹32,403.46 crore in IGST over a five-year period. The government's intention to resolve this case quickly aligns with its goal of promoting an investor-friendly environment and attracting investments.

Related News

DGGI closing pre-show cause GST notice proceedings of Rs 3,898 cr for 2017-18: Infosys

YourStory

YourStory · 11m ago

DGGI closing pre-show cause GST notice proceedings of Rs 3,898 cr for 2017-18: Infosys

Infosys, India's second-largest IT services company, received communication from the Directorate General of GST Intelligence (DGGI) closing the pre-show cause notice proceedings for the financial year 2017-2018. The notice amounted to INR 3,898 crore ($522 million). Earlier in the week, Infosys received a INR 32,403-crore ($4.34 billion) GST notice from authorities. DGGI is responsible for improving compliance with indirect tax laws in India. Infosys believes that GST is not applicable to the mentioned expenses and has paid all its dues.

Karnataka GST authorities ask Infosys to file fresh response to DGGI after recalling notice

YourStory

YourStory · 11m ago

Karnataka GST authorities ask Infosys to file fresh response to DGGI after recalling notice

The Karnataka authorities have withdrawn the pre-show cause notice served to Infosys and asked the IT company to submit a fresh response to the Directorate General of GST Intelligence (DGGI) regarding a GST demand of around Rs 32,400 crore. Infosys had received the notice for services availed by its overseas branches for five years since 2017 but maintained that it believes GST is not applicable to these expenses. The company has committed to responding to the notice. The massive demand is equivalent to over a year's profit for Infosys.

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

YourStory

YourStory · 11m ago

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

Nasscom, the apex IT association, has voiced its support for Infosys in response to the company's Rs 32,403-crore GST notice. Nasscom argues that the notice displays a lack of understanding of the IT industry's operating model and calls for clarity in compliance obligations to avoid unnecessary litigation. It emphasizes the importance of an enabling policy environment for accelerating service exports and attracting global tech investments to India. The GST notice issued to Infosys covers services availed from its overseas branches, but Infosys contends that these expenses are not subject to GST.

Infosys gets relief on GST as DGGI closes Rs 32,400 Cr pre-show cause notice

YourStory

YourStory · 1m ago

Infosys gets relief on GST as DGGI closes Rs 32,400 Cr pre-show cause notice

Infosys received relief as the Director General of GST Intelligence closed pre-show cause notice proceedings against it for alleged GST dues of Rs 32,403 crore for FY2018-19 to FY2021-22. The issue pertained to services from overseas branches. Infosys maintained that GST was not applicable on such expenses and had complied with regulations. This closure ends a major GST dispute for the company, which had earlier asserted eligibility for GST credit or refunds.

Karnataka authorities have withdrawn GST notice: Infosys

YourStory

YourStory · 11m ago

Karnataka authorities have withdrawn GST notice: Infosys

Infosys, India's second largest IT company, announced that Karnataka state authorities have withdrawn the 'pre-show cause' notice demanding Rs 32,403 crores in GST payment. The company was directed to submit further response to the Directorate General of GST Intelligence (DGGI) regarding the issue. Infosys maintained that it believes GST is not applicable to the expenses mentioned in the notice. Apex IT body Nasscom commented that the tax demand reflects a lack of understanding of the industry's operating model and highlighted sector-wide issues facing multiple companies in terms of litigation and uncertainty.

Infosys says DGGI withdraws tax demand of ₹3,898 crore for FY18 | Mint

Livemint

Livemint · 11m ago

Infosys says DGGI withdraws tax demand of ₹3,898 crore for FY18 | Mint

Infosys has announced that the Directorate General of GST Intelligence (DGGI) has withdrawn a tax demand of INR 3,898 crore for the financial year ending March 2018. This decision provides partial relief to the Indian software company, as the ongoing tax battle remains unresolved. Another tax demand of INR 28,505 crore from the remaining five years is still pending. The withdrawal suggests a potential early resolution of the matter, as the government is said to be considering Infosys' plea that GST does not apply to services provided by its overseas branches.

After Infosys, tax authorities may issue GST notices to more IT companies for alleged tax evasion: Report | Mint

Livemint

Livemint · 11m ago

After Infosys, tax authorities may issue GST notices to more IT companies for alleged tax evasion: Report | Mint

Indian tax authorities may issue notices to other IT companies for alleged tax evasion related to work conducted by their overseas offices. This comes after Infosys was recently issued a ₹32,403 crore GST notice. Industry body Nasscom responded to the tax demand, stating that it reflects a lack of understanding of the IT sector's operating model and that multiple companies are facing unnecessary litigation and uncertainty. Infosys argued that GST payments are eligible for credit or refund against the export of IT services. Nasscom called for enforcement mechanisms to honour government circulars and prevent negative impacts on India's ease of doing business.

Government may rescind tax notice to Infosys after backlash from sector

VCCircle

VCCircle · 10m ago

Government may rescind tax notice to Infosys after backlash from sector

The Indian government is expected to withdraw its demand for Infosys to pay $4 billion in back taxes after receiving criticism from the software services industry. The government had ordered Infosys to pay the additional amount, claiming that its overseas offices should pay goods and services tax (GST) dating back to 2017. However, the finance ministry now believes this notice goes against India's tax principle of not taxing service exports. A formal decision is yet to be made, but the finance ministry and Infosys have not commented on the matter.

SC seeks centre’s reply on pleas of Games24x7, head digital works on GST notice

Inc42 · 1y ago

SC seeks centre’s reply on pleas of Games24x7, head digital works on GST notice

The Supreme Court of India has issued notices to the Centre and the GST department in response to pleas by online gaming companies Head Digital Works and Games24x7. The companies are challenging the retrospective imposition of a 28% Goods and Services Tax (GST) on the full value of bets placed, rather than on the gross gaming revenue. The court has asked both parties to respond to the plea within two weeks. The case is expected to be heard in the coming months as the online gaming industry grapples with the challenges imposed by recent GST changes.

Zomato To Pay INR 9.85 Cr To West Bengal GST Authorities

Inc42 · 10m ago

Zomato To Pay INR 9.85 Cr To West Bengal GST Authorities

Zomato has received a GST notice from tax authorities in West Bengal for the period April 2020 to March 2021. The notice includes demands for GST payment, penalties, and non-payment of GST on delivery charges. Despite believing that they have a strong case on merits, Zomato has stated that they will pay the required amounts to the GST authorities. This is the second GST notice that Zomato has received in West Bengal.

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