Infosys: GST Intelligence alleges Rs 32,000 Crore tax evasion – What’s at Stake?

IT services company Infosys has received a pre-show cause notice for alleged evasion of goods and services tax (GST) amounting to ₹32,403 crore.

In a recent BSE filing, Bengaluru-based Infosys revealed that Karnataka GST authorities have issued a pre-show cause notice demanding ₹32,403 crore in GST for the period from July 2017 to March 2022. This notice relates to expenses claimed by Infosys’s overseas branches. The company has confirmed that it has responded to the notice.