{"id":840500,"date":"2024-08-02T10:54:19","date_gmt":"2024-08-02T05:24:19","guid":{"rendered":"https:\/\/telecomlive.in\/web\/?p=840500"},"modified":"2024-08-02T11:06:37","modified_gmt":"2024-08-02T05:36:37","slug":"nasscom-urges-finance-ministry-for-clarity-after-infosys-receives-rs-32403-crore-gst-notice","status":"publish","type":"post","link":"https:\/\/telecomlive.in\/web\/2024\/08\/02\/nasscom-urges-finance-ministry-for-clarity-after-infosys-receives-rs-32403-crore-gst-notice\/","title":{"rendered":"NASSCOM urges Finance Ministry for clarity after Infosys receives Rs 32,403 crore GST notice"},"content":{"rendered":"<p>BENGALURU: A day after the country&#8217;s second largest IT services company Infosys received a pre-show cause notice from the Directorate General of GST Intelligence (DGGI), industry body NASSCOM has urged the Ministry of Finance to issue a circular clarifying the position so that the industry can avoid litigation risk.<\/p>\n<p>Infosys received a notice from the DGGI for Rs 32,403 crore towards non-payment of GST for the period July 2017 to March 2022 towards the expenses incurred by overseas branch offices of the company. &#8220;This is an industry wide issue, and multiple companies are facing avoidable litigation, uncertainty, concerns from investors and customers&#8221;, NASSCOM said on Thursday.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>BENGALURU: A day after the country&#8217;s second largest IT services company Infosys received a pre-show cause notice from the Directorate General of GST Intelligence (DGGI), industry body NASSCOM has urged the Ministry of Finance to issue a circular clarifying the position so that the industry can avoid litigation risk. Infosys received a notice from the DGGI for Rs 32,403 crore towards non-payment of GST for the period July 2017 to March 2022 towards the expenses incurred by overseas branch offices of the company. &#8220;This is an industry wide issue, and multiple companies are facing avoidable litigation, uncertainty, concerns from investors [&hellip;]<\/p>\n","protected":false},"author":8,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[75,4,17],"tags":[],"class_list":["post-840500","post","type-post","status-publish","format-standard","hentry","category-it-2-the-new-indian-express","category-newspapers","category-the-new-indian-express"],"acf":[],"_links":{"self":[{"href":"https:\/\/telecomlive.in\/web\/wp-json\/wp\/v2\/posts\/840500","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/telecomlive.in\/web\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/telecomlive.in\/web\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/telecomlive.in\/web\/wp-json\/wp\/v2\/users\/8"}],"replies":[{"embeddable":true,"href":"https:\/\/telecomlive.in\/web\/wp-json\/wp\/v2\/comments?post=840500"}],"version-history":[{"count":0,"href":"https:\/\/telecomlive.in\/web\/wp-json\/wp\/v2\/posts\/840500\/revisions"}],"wp:attachment":[{"href":"https:\/\/telecomlive.in\/web\/wp-json\/wp\/v2\/media?parent=840500"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/telecomlive.in\/web\/wp-json\/wp\/v2\/categories?post=840500"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/telecomlive.in\/web\/wp-json\/wp\/v2\/tags?post=840500"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}