Infosys secures temporary relief from Rs 32,400-crore GST demand
Tech giant Infosys has secured temporary relief from a ₹32,400-crore goods and services tax (GST) demand after the Karnataka state authorities withdrew a preliminary notice seeking the hefty amount from the software services giant.
However, the IT company must now face scrutiny from the central directorate general of GST intelligence (DGGI), it said in a stock exchange filing.
The development comes a day after the Bengaluru-based firm disclosed that it had received the preliminary GST notice from Karnataka authorities for services availed by it from its overseas branches between 2017 and 2022. Infosys has maintained that GST is not applicable to these expenses.