ru24.pro
News in English
Август
2024

Nasscom backs Infosys; says Rs 32,000-crore GST notice shows lack of understanding of industry model

0
IT services major Infosys is under the GST authorities' scanner for an alleged evasion of taxes worth Rs 32,000 cr, as per internal documents. The Directorate General of GST Intelligence states that as the company creates overseas branches to service clients as part of its agreement with the clients, those branches and the company are each treated as ‘distinct persons’ under the IGST Act.