Infosys : Co. Clears ₹32,403 Cr GST Case as DGGI Closes Proceedings
Infosys received closure communication from DGGI on GST pre-show cause notice for FY19–FY22.
Matter pertained to ₹32,403 crore IGST liability under reverse charge mechanism from July 2017–March 2022.
Closure of FY17–18 component already communicated in August 2024.
With this update, the entire GST matter stands closed by authorities.
✅️ Positive Impact: Removes major regulatory overhang; boosts sentiment and legal clarity.
Infosys received closure communication from DGGI on GST pre-show cause notice for FY19–FY22.
Matter pertained to ₹32,403 crore IGST liability under reverse charge mechanism from July 2017–March 2022.
Closure of FY17–18 component already communicated in August 2024.
With this update, the entire GST matter stands closed by authorities.
✅️ Positive Impact: Removes major regulatory overhang; boosts sentiment and legal clarity.
