- CBIC considering modifying circular to relieve Infosys of entire GST liability
- Tax notices to Infosys under reverse charge mechanism amounted to over Rs 30,000 crore
- Relief does not extend to services used for exempted or non-GST supplies
- Proposed changes in circular would address issue in favor of taxpayers
- Decision on withdrawal of tax demands for 2018-19 to be taken soon
- GST field officers studying documents submitted by Infosys on transactions with foreign branches
- DGGI issued Rs 32,403-crore notice to Infosys for not paying GST under reverse charge mechanism
Source: financialexpress.com
Note that this post was (partially) written with the help of AI. It is always useful to review the original source material, and where needed to obtain (local) advice from a specialist.
Latest Posts in "India"
- Chennai Fake GST Invoice Racket Busted; ₹350 Crore Evasion Suspected, Prime Accused Arrested
- Overpaid GST: Rectification or Refund? Understanding When to Adjust and When to Claim Refund
- Insurance Brokers Push for Zero-Rated GST to Restore Input Tax Credit and Prevent Premium Hikes
- Delhi High Court: ITC Re-credit Cannot Be Denied Due to GST Portal Technical Limitations
- Key GST and Customs Legal Updates: E-Filing, ITC, Refunds, and Recent High Court Judgments
