Infosys receives closure from GST Intelligence on ₹32,403 crore pre-show cause notice

Infosys receives closure from GST Intelligence on ₹32,403 crore pre-show cause notice

IT services company, Infosys Ltd, on Friday (June 6) said that the Directorate General of GST Intelligence (DGGI) has closed pre-show cause notice proceedings related to an earlier inquiry into non-payment of Integrated GST (IGST) under the Reverse Charge Mechanism. The closure pertains to the financial years 2018-19 to 2021-22.

This development follows a series of communications, including a pre-show cause notice issued by DGGI covering the period from July 2017 to March 2022. The total GST amount mentioned in the notice was ₹32,403 crore. Infosys had earlier confirmed on August 3, 2024, that DGGI had closed the pre-show cause notice for the financial year 2017-18.

“The company had, on August 3, 2024, received a communication from DGGI 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,” Infosys said in a regulatory filing.

Read more at: CNBC TV18

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