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DGGI closing pre-show cause GST notice proceedings of Rs 3,898 cr for 2017-18: Infosys
YourStory
·
11m ago
Medial
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.
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Related News
Karnataka GST authorities ask Infosys to file fresh response to DGGI after recalling notice
YourStory
·
11m ago
Medial
The Karnataka authorities have withdrawn the pre-show cause notice served to Infosys and asked the IT company to submit a fresh response to the Directorate General of GST Intelligence (DGGI) regarding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.
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Karnataka authorities have withdrawn GST notice: Infosys
YourStory
·
11m ago
Medial
Infosys, India's second largest IT company, announced that Karnataka state authorities have withdrawn the 'pre-show cause' notice demanding Rs 32,403 crores in GST payment.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.
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Infosys gets relief on GST as DGGI closes Rs 32,400 Cr pre-show cause notice
YourStory
·
1m ago
Medial
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.
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Centre likely to accept Infosys’ plea on GST notice
Livemint
·
11m ago
Medial
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.
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Nazara Technologies gets Rs 2.83 crore GST show cause notice
Economic Times
·
1y ago
Medial
Nazara Technologies, an online gaming and esports company, has received a show cause notice from the Directorate General of GST Intelligence (DGGI) for a GST demand of Rs 2.83 crore. The demand is related to the export of certain services for which Nazara did not pay GST. The notice states that as export proceeds have not been received due to a force majeure event, the services cannot be treated as exports, and the company is responsible for paying IGST at 18%. Nazara plans to file its response to the notice within the prescribed timelines.
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SC stays order quashing ₹21,000-crore GST notice to Gameskraft
BQ Prime
·
1y ago
Medial
The Supreme Court has halted the enforcement of a Karnataka High Court decision that invalidated a ₹21,000-crore show-cause notice issued by the Directorate General of GST Intelligence (DGGI) to Gameskraft Technologies. According to the DGGI, Gameskraft has amassed ₹70,000 crore in betting funds from approximately 45 lakh players over five years. The DGGI also argued that, based on a Supreme Court ruling, games played with stakes are liable to GST.
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Nazara Gets Interim Relief In INR 845 Cr GST Notice Case
Inc42
·
9m ago
Medial
- Nazara Technologies received tax notices totaling INR 1,119.93 Cr for two of its subsidiaries, Openplay Technologies and Halaplay Technologies. - The High Court issued directions to not give any effect to the orders passed by the tax authority (DGGI, Kolkata) regarding the show cause notice. - In addition to the recent tax notices, Nazara also received a GST show cause notice from the Mumbai office of DGGI for INR 2.84 Cr last year. - The online gaming major is currently dealing with legal implications related to these tax issues. - The total amount in tax notices faced by Nazara Technologies and its subsidiaries is substantial, posing potential financial challenges.
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Paytm gets relief as Supreme Court stays Rs 5,712 Cr GST notice
Entrackr
·
1m ago
Medial
Paytm gets relief as Supreme Court stays Rs 5,712 Cr GST notice. In its order, the apex court directed, “Further proceedings of all the impugned show cause notices shall remain stayed till the final disposal of the main matter along with all the matters which are tagged.” The Supreme Court of India has stayed the proceedings of a Rs 5,712 crore GST Show Cause Notice (SCN) issued to First Games Technology Private Limited, a subsidiary of One 97 Communications Ltd (Paytm). Paytm shared the update in a regulatory filing on May 24, after the Supreme Court issued an interim order on May 23. The order came in response to a petition by First Games, which challenged a GST notice from the Directorate General of GST Intelligence (DGGI) for the period from January 2018 to March 2023. In its order, the apex court directed, “Further proceedings of all the impugned show cause notices shall remain stayed till the final disposal of the main matter along with all the matters which are tagged.” The stay gives Paytm’s gaming arm temporary legal relief and more time to defend its case without facing immediate penalties. Earlier, Paytm said the notice is part of an ongoing issue in the online gaming industry. The disagreement is about GST being charged at 28% on the full entry amount, while gaming companies believe it should be 18% only on their actual earnings from platform fees. The SCN is part of a broader industry-wide probe by the GST department, which has issued similar notices to several gaming companies. The matter is being closely monitored by stakeholders across the online gaming sector. Paytm's operating revenue fell by 16% year-on-year to Rs 1,911 crore in the fourth quarter of FY25, down from 2,267 crore in the same quarter of FY24. However, the Noida-based company narrowed its losses to 23 crore in Q4 FY25, a 96% reduction from 536 crore in Q4 FY24.
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Infosys says DGGI withdraws tax demand of ₹3,898 crore for FY18 | Mint
Livemint
·
11m ago
Medial
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.
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Zomato receives Rs 402 crore show cause notice over unpaid GST on delivery charges
Economic Times
·
1y ago
Medial
Zomato, the online food ordering platform, has received a Rs 402 crore show cause notice from GST authorities for unpaid tax on delivery charges. The notice was issued by the Directorate General of GST Intelligence (DGGI) and demands the alleged tax liability be paid for the period from October 2019 to March 2022. Zomato argues that it is not liable to pay tax on the delivery charges as they are collected on behalf of the delivery partners. The company will be filing a response to the notice.
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