Infosys pre-show cause notice for 2017-18 worth Rs 3,898 crore closed

IT giant Infosys on Saturday said the Directorate General of Goods and Services Tax Intelligence (DGGI) is concluding the pre-show cause notice proceedings for the financial year 2017-2018, involving Rs 3,898 crore.

This comes after that company, on July 31, received a demand notice for alleged tax evasion amounting to over Rs 32,000 crore from the DGGI.

“The company has now received a communication from DGGI closing the pre-show cause notice proceedings for the financial year 2017-2018. The GST amount as per the pre-show cause notice for this period was Rs 3,898 crore,” Infosys stated in a regulatory filing. As a result, an amount of Rs 28,000 crore related to FY22 is still under review by the authorities.