Infosys terms Rs 32,000 crore GST refund notice ‘pre-show cause’: Read company’s letter to BSE

GST authorities have slapped a Rs 32,403 crore notice on Indian IT giant Infosys for services availed by the company from its overseas branches for five years starting 2017. According to reports, the notice sent to Infosys by GST authorities says: “In lieu of receipt of supplies from overseas branch offices, the Company has paid consideration to the branch offices in the form of overseas branch expenses.