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Infosys responds to GST notice, affirms compliance with regulations
Updated On: 01 August, 2024 06:06 AM IST | Mumbai | mid-day online correspondent
Infosys said in a stock market filing that it believes the present regulations do not apply to these charges in terms of GST.
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The IT services provider Infosys declared on Wednesday that it has complied with the Karnataka GST authorities` pre-show cause notice and paid all outstanding GST amounts. The notification requested that GST totalling Rs. 32,403 crore be paid for the months of July 2017 through March 2022 in relation to costs incurred by the company`s foreign branch offices.
Infosys said in a stock market filing that it believes the present regulations do not apply to these charges in terms of GST. The business underlined that it complies with all applicable federal, state, and local laws, reported ANI.
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