Infosys gets clean chit in Rs 32k crore GST case – OXBIG NEWS NETWORK-OxBig News Network

BENGALURU: The Director General of GST Intelligence (DGGI) has closed the pre-show cause notice proceedings against Infosys in the Rs 32,000-crore tax controversy. “In continuation of our earlier communications on July 31, 2024, Aug 1, 2024, and Aug 3, 2024, on GST, this is to inform that the company today received a communication from the DGGI closing the pre-show cause notice proceedings for the financial years 2018-19 to 2021-22,” Infosys said in a stock exchange filing on Friday.“It may be noted that the company received and responded to a pre-show cause notice issued by DGGI for the period July 2017 to March 2022 on the issue of non-payment of IGST under the reverse charge mechanism. The GST amount as per the pre-show cause notice for this period was Rs 32,403 crore. “The company received a communication from DGGI on Aug 3, 2024, closing the pre-show cause notice proceedings for the financial year 2017-2018. With the receipt of today’s communication from DGGI, this matter stands closed,” the filing said.