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DGGI gives partial relief to Infosys, closes Rs 3,898 cr FY18 GST tax case Earlier this week, the IT services company received a Rs 32,403 crore GST notice from authorities The Goods and Services Tax (GST) investigative arm, Directorate General of Goods and Services Tax Intelligence (DGGI), has given partial relief to IT services major Infosys by closing the tax proceedings for financial year 2017-18 (FY18), the company informed exchanges on Saturday evening. The GST amount during this period was Rs 3,898 crore. The move follows the withdrawal of a Rs 32,000 crore GST notice issued to Infosys by the Karnataka state GST authority. However, there is no clarity on the notices served for the remaining financial years (2018-19, 2019-20, 2020-21, 2021-22) on the IT major. Notably, the GST demand raised for FY18 is getting time-barred on August 5. ©SHIRSENDU KARMAKAR #DGGI #Infosys

DGGI gives partial relief to Infosys, closes Rs 3,898 cr FY18 GST tax case Earlier this week, the IT services company received a Rs 32,403 crore GST notice from authorities The Goods and Services Tax (GST) investigative arm, Directorate General of Goods and Services Tax Intelligence (DGGI), has given partial relief to IT services major Infosys by closing the tax proceedings for financial year 2017-18 (FY18), the company informed exchanges on Saturday evening. The GST amount during this period was Rs 3,898 crore. The move follows the withdrawal of a Rs 32,000 crore GST notice issued to Infosys by the Karnataka state GST authority. However, there is no clarity on the notices served for the remaining financial years (2018-19, 2019-20, 2020-21, 2021-22) on the IT major. Notably, the GST demand raised for FY18 is getting time-barred on August 5. ©SHIRSENDU KARMAKAR #DGGI #Infosys