India Seeks $4 Billion in Taxes From Outsourcing Giant Infosys (1)

Aug. 1, 2024, 3:38 AM UTCUpdated: Aug. 1, 2024, 4:07 AM UTC

Indian outsourcing company Infosys said Wednesday it had received notices for payment of goods and services tax to the tune of 324 billion rupees, or $3.9 billion.

Infosys joins a group of several companies that have received notices over the last year for non-payment of the goods and services tax, which came into effect in 2017 to replace a plethora of indirect taxes levied by the federal and state governments.

In a stock exchange filing, Infosys said it had received a pre-show cause notice for payment of GST for the period July 2017 to March 2022 towards expenses ...

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