Infosys says Karnataka authorities have withdrawn ₹32,403 crore GST tax notice

Infosys informed that Karnataka State Authorities have withdrawn the ‘pre-show cause’ notice and directed the IT firm to submit a further response to the DGGI (Directorate General of GST Intelligence) central authority on the matter. This comes after India’s second-largest IT services company said Karnataka GST authorities slapped a ₹32,403 crore notice.

The IT firm said in an exchange filing that it “has also received a pre-show cause notice from Director General of GST Intelligence on the same matter and the Company is in the process of responding to the same. Additionally, as per a recent Circular…issued by the Central Board of Indirect Taxes and Customs on the recommendations of the GST Council, services provided by the overseas branches to Indian entity are not subject to GST.”