- 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"
- Supreme Court: VAT Credit Cannot Be Denied Due to Supplier’s Tax Default
- Trickiest countries in which to achieve compliance
- India announces changes in the Invoice Management System
- GST: India’s Grand Federal Bargain Becomes Imperfect Political Compromise After Eight Years
- GST 2.0 Boosts Bengal’s Economy with Rate Cuts on Local Goods and Industries
