HomeInformation Tech (IT)Infosys under investigation for GST evasion of over Rs 32,000 crore

Infosys under investigation for GST evasion of over Rs 32,000 crore

Published on

spot_img
msid 112171866,imgsize 66080

IT services major Infosys is under the GST authorities’ scanner for an alleged evasion of taxes worth Rs 32,000 crore, 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.

Latest articles

ET Startup Awards 2024: Nominees for Best on Campus

The award will showcase a startup whose impact can be judged both by the...

AI industry uses light lobbying touch to educate Congress from corporate perspective

As AI evolves at such a rapid clip, lawmakers are leaning on the lobbyists'...

Indian-Origin YouTuber creates world's biggest iPhone: Mrwhosetheboss breaks record with 6.74-foot working replica

YouTuber Arun Rupesh Maini, known as Mrwhosetheboss, has set a Guinness World Record by...

Apple's upcoming iPhone will catapult tech trendsetter into age of AI

Apple is set to unveil the iPhone 16, its first model tailored specifically for...

More like this

ET Startup Awards 2024: Nominees for Best on Campus

The award will showcase a startup whose impact can be judged both by the...

AI industry uses light lobbying touch to educate Congress from corporate perspective

As AI evolves at such a rapid clip, lawmakers are leaning on the lobbyists'...

Indian-Origin YouTuber creates world's biggest iPhone: Mrwhosetheboss breaks record with 6.74-foot working replica

YouTuber Arun Rupesh Maini, known as Mrwhosetheboss, has set a Guinness World Record by...