Infosys shares fall in trade on Friday amid GST notice row; check details

Infosys in focus: On Friday, August 2, 2024, shares of IT giant Infosys were in focus after Karnataka State authorities retracted a pre-show cause notice demanding Rs 32,403 crore in GST payments.

The notice was initially issued on July 31, 2024, concerning GST for the period from July 2017 to March 2022 related to expenses incurred by Infosys’s overseas branch offices.