DGGI closes GST proceedings against Infosys
Bengaluru: The Director General of GST Intelligence (DGGI) 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.
Last year, the DGGI filed an incident report which showed intelligence gathered by the officers of the DGGI Bangalore Zonal Unit indicated that Infosys received services from overseas branches and did not pay IGST (integrated goods and services tax) under RCM (reverse charge mechanism) on the import of services.
The actions taken by DGGI were considered to be an "over-interpretation" of the law, according to tax officers and consultants who believe that the regulations clearly outline the proper handling of transactions between branches and headquarters.
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