– Karnataka State authorities withdrew pre-show cause notice for payment of Rs 32,403 crore GST from Infosys
– Infosys directed to submit further response on the matter to DGGI central authority
– Notice pertained to GST demand for period July 2017 to March 2022 for expenses incurred by Infosys’ overseas branch offices
– Directorate General of GST Intelligence alleges Infosys did not pay IGST on import of services as recipient of services
– Infosys believes GST not applicable on such expenses as per regulations and recent circular
– Infosys has paid all GST dues and is fully compliant with regulations
– Rs 32,403 crore tax demand is more than a year’s profit for Infosys
– Document sent to Infosys by GST authorities states company liable to pay IGST on supplies received from overseas branches