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Wednesday, July 31, 2024

Infosys under scanner for over Rs 32,000 crore GST evasion

Infosys faced scrutiny from the Directorate General of GST Intelligence (DGGI) for allegedly evading Rs 32,400 crore in GST on services imported from its overseas branches between July 2017 and March 2022. DGGI argued that these expenses should attract Integrated GST under the reverse charge mechanism. Infosys contested the allegations citing compliance with current regulations and recent guidelines.

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Sri Lanka central bank fines Indian Bank

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