by WigglyBobaAccenture
Infosys 32000 cr GST invasion
While we have to work for 70hrs this company has evaded 32000 crores of tax
CosmicTaco
Infosys Faces Allegations of Rs 32,000 Crore GST Evasion
- Infosys has received a pre-show cause notice for alleged GST evasion amounting to ₹32,403 crore.
- The notice, issued by Karnataka GST authorities, covers the period from July 2017 to March 2022.
- Infosys claims GST is not applicable to expenses incurred by its overseas branches, citing a recent circular.
- The company asserts it has paid all GST dues and remains compliant with regulations.
- GST Intelligence alleges Infosys owes IGST under the reverse charge mechanism for overseas branch expenses.
Source: Financial Express
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In order for the Indian economy to compete with other developed nations and China, our businesses like Infosys should contribute more taxes to govt and should not think in a miserly way for the greater good😂.They should pay 32000 crores just like their employees who work with passion and rigor for the country 12 hrs a day.
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by CosmicTacoGrapevine
Karnataka Authorities Withdraw GST Notice Sent to Infosys
- Infosys has been temporarily relieved of the Rs 32,403 crore GST demand as Karnataka state tax authorities withdraw the notice.
- The company has been directed to respond to the central GST intelligence agency instead.
- Infosys inform...
by JumpyNoodleInfosys
18 years experience, join LTIMindtree or Infosys ?
Hello, need some genuine suggestions here. Have offers from LTIMindtree and Infosys. Please suggest where to join and why ?
by CosmicTacoGrapevine
Infosys Under Fire for Alleged Intimidation Tactics
- Infosys reportedly laid off 700 employees at its Mysuru campus, though the company claims the number is 350 due to failed assessments.
- Affected employees allege that evaluation criteria were changed, making it difficult to pass, and ...