Nasscom urges govt to have simple and single interpretation on compliance

Tech industry body Nasscom has sought Union finance ministry’s clarification on the Rs 32,000 crore GST demand notice served on India’s second largest IT services company Infosys, while urging the government to bring in simple interpretation on compliances.

The National Association of Software Services Companies (Nasscom) in a statement said, “The government circulars issued based on recommendations of the GST Council must be honoured in enforcement mechanisms so that notices do not create uncertainty and negatively impact perceptions on India’s ease of doing business. It is crucial that compliance obligations are not subject to multiple interpretations.”