IT services major Infosys has been slapped with a pre-show cause notice from the Directorate General of GST Intelligence (DGGI) for alleged tax dues of over ₹32,000 crores, the biggest ever such number for an Indian IT company. Infosys has cited a recent circular from the CBIC to say the services received from its overseas branches are not taxable.
Why would the DGGI send the notice? What is Infosys' response? And what impact could this have on the company and the broader IT industry? Dia Rekhi and Anirban Chowdhury delve into these questions with tax veteran Ketan Dalal and ET Prime's ace reporters Jochelle Mendonca and Manu Toms.
Check out Anirban’s other interesting episodes like: Will Ola Electrify the Markets?, The Biggest Indian Pharma Deal of the Decade, Risk or Respite: RBI Sets Rules On Fraud, The Blue Screen of Death , Bumpy Rides For EVs in India, and more!
Check out Dia’s other interesting episodes like: Quantum Computing: Understanding Qubits And The Future, Understanding India's New Criminal Laws, How Nvidia Became the World’s Most Valuable Company, Murder, Mayhem, Money: Why True Crime Sells, and more!
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