Infosys gets relief as DGGI closes Rs 32,403 crore GST notice

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Infosys, India’s second-largest IT services firm, has received a closure in the goods and services tax (GST) demand notice for over Rs 30,000 crore.

Infosys said it had received communication from the Directorate General of GST Intelligence (DGGI) ‘closing’ the pre-show cause notice proceedings for the financial years 2018–19 to 2021–22.

“With the receipt of today’s communication from DGGI, this matter stands closed, the Bengaluru IT major said in a regulatory filing late evening on Friday.

The closure report comes after the Karnataka State…



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Infosys gets relief as DGGI closes Rs 32,403 crore GST notice


Infosys, India’s second-largest IT services firm, has received a closure in the goods and services tax (GST) demand notice for over Rs 30,000 crore.

Infosys said it had received communication from the Directorate General of GST Intelligence (DGGI) ‘closing’ the pre-show cause notice proceedings for the financial years 2018–19 to 2021–22.

“With the receipt of today’s communication from DGGI, this matter stands closed, the Bengaluru IT major said in a regulatory filing late evening on Friday.

The closure report comes after the Karnataka State…



Source link

Disclaimer

We strive to uphold the highest ethical standards in all of our reporting and coverage. We StartupNews.fyi want to be transparent with our readers about any potential conflicts of interest that may arise in our work. It’s possible that some of the investors we feature may have connections to other businesses, including competitors or companies we write about. However, we want to assure our readers that this will not have any impact on the integrity or impartiality of our reporting. We are committed to delivering accurate, unbiased news and information to our audience, and we will continue to uphold our ethics and principles in all of our work. Thank you for your trust and support.

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