After GST notice for FY18-22 to Infosys, DGGI withdraws demand of Rs 3,898 crore

In a partial reversal from its earlier position, Goods and Services Tax (GST) authorities have withdrawn notice of Rs 3,898 crore to tech major Infosys out of the total tax demand of Rs 32,403 crore raised last week for the five-year period starting 2017-18. The company informed stock exchanges late Saturday about having received a communication from Directorate General of GST Intelligence (DGGI) about closure of “the pre-show cause notice proceedings for the financial year 2017-2018”.