Govt May Withdraw Infosys $4 Billion GST Notice: Report
7 months, 1 week ago

Govt May Withdraw Infosys $4 Billion GST Notice: Report

ABP News  

The government is likely to withdraw its tax demand notice to Infosys, asking them to pay $4 billion in back taxes, following extensive persuasion by the IT giant and significant criticism from the software services sector, according to a Reuters report citing two government sources familiar with the matter. However, the federal finance ministry now believes that the notice contradicts India's broader tax principle of exempting service exports from taxation, one of the sources said in the report. Previously, former Infosys board member and chief financial officer Mohandas Pai has described the tax notice as "outrageous" and characterised it as "a case of tax terrorism at its worst." According to a third government source in the report, Infosys' executive vice president for finance, Sunil Kumar Dhareshwar, met with senior bureaucrats last week to request relief, contending that the tax demand was unjustified.

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History of this topic

Over 100 sacked Infosys employees petition PMO, IT giant rejects charges: Report
1 month ago

Over 100 sacked Infosys employees petition PMO, IT giant rejects charges: Report

Hindustan Times  

The central labour ministry sent a second notice to the Karnataka state's labour commissioner, requesting for an intervention in the mass termination of Infosys employees at its Mysuru campus. This came after the Prime Minister's Office received 117 complaints from the laid-off employees, calling for their reinstatement and to prevent such type of dismissals going forward, according to an Economic …

Karnataka Labour Department Clears Infosys Of Legal Violations In Layoffs: Report
1 month ago

Karnataka Labour Department Clears Infosys Of Legal Violations In Layoffs: Report

ABP News  

The Karnataka labour department has found no violation of labour laws in Infosys' recent terminations, according to an interim report submitted to the state government. The final report is expected to be submitted within a week, and a copy will also be sent to the Union Labour Department for further review. Following instructions from Karnataka Labour Minister Santhosh Lad, the …

No Relief For Infosys As Govt Upholds Rs 32,000 Crore GST Claim: Report
7 months, 3 weeks ago

No Relief For Infosys As Govt Upholds Rs 32,000 Crore GST Claim: Report

ABP News  

The government is not considering any relaxation in the tax demand issued to Infosys last month, citing a government source news agency Reuters reported on Tuesday. The government issued a tax demand of over Rs 32,000 crore to Infosys, pertaining to services received from its overseas branches between July 2017 and the 2021-22 fiscal year. Former Infosys board member and …

Infosys' ₹32,000-crore tax demand not to be relaxed by government: Report
7 months, 3 weeks ago

Infosys' ₹32,000-crore tax demand not to be relaxed by government: Report

Hindustan Times  

The government is not considering any relaxation over the ₹32,000-crore tax demand it sent to Infosys Ltd, news agency Reuters citing sources in the know. The tax demand on Infosys is in accordance to GST rules and the company has sought ten days to submit its response after meeting tax officials, the report claimed. Last week GST authorities slapped a …

Infosys gets ₹3,898 crore partial GST tax relief for FY 2017-18 out of the ₹32,403 crore tax notice for 2017-22
7 months, 4 weeks ago

Infosys gets ₹3,898 crore partial GST tax relief for FY 2017-18 out of the ₹32,403 crore tax notice for 2017-22

Hindustan Times  

Infosys Ltd has been given a tax relief of ₹3,898 crore for the financial year 2017-18, the IT major wrote in a company filing to the exchanges on Saturday. Infosys Ltd has been given a tax relief of ₹ 3,898 crore for the financial year 2017-18 “The Company had received and responded to a pre-show cause notice issued by DGGI …

Karnataka Authorities Withdraw Infosys GST Notice, Directs Company To Respond To DGGI
7 months, 4 weeks ago

Karnataka Authorities Withdraw Infosys GST Notice, Directs Company To Respond To DGGI

ABP News  

Karnataka authorities have revoked the ‘pre-show cause’ notice issued to the IT giant Infosys and instructed the company to provide a new response to the DGGI central authority regarding the Rs 32,400 crore GST demand issue. "The company has received a communication from Karnataka State authorities, withdrawing the pre-show cause notice and has directed the company to submit a further …

Infosys says Karnataka authorities have withdrawn ₹32,403 crore GST tax notice
8 months ago

Infosys says Karnataka authorities have withdrawn ₹32,403 crore GST tax notice

Hindustan Times  

Infosys informed that Karnataka State Authorities have withdrawn the 'pre-show cause' notice and directed the IT firm to submit a further response to the DGGI central authority on the matter. This comes after India's second-largest IT services company said Karnataka GST authorities slapped a ₹32,403 crore notice. Additionally, as per a recent Circular.issued by the Central Board of Indirect Taxes …

Karnataka Authorities Have Withdrawn GST Notice: Infosys
8 months ago

Karnataka Authorities Have Withdrawn GST Notice: Infosys

News 18  

A day after it received Rs 32,403 crore GST demand, Infosys on Thursday said Karnataka state authorities have withdrawn the ‘pre-show cause’ notice to the company and directed it to submit further response to the Directorate General of GST Intelligence on the issue. In a late evening filing on Thursday, Infosys informed: “The company has received a communication from Karnataka …

After ₹32,000 crore demand to Infosys, government said to mull GST notices to other IT majors
8 months ago

After ₹32,000 crore demand to Infosys, government said to mull GST notices to other IT majors

The Hindu  

Tax authorities may issue notices soon to more major infotech services firms in a scrutiny of alleged evasion of tax on services by their overseas offices, a government source said, a day after Infosys was slapped with a ₹32,000-crore tax demand. In serving its highest-ever tax demand on Infosys, the government accused the country’s second largest tech services company of …

Former Infosys CFO Criticises Rs 32,000 Crore GST Demand To Firm; Here's What He Said
8 months ago

Former Infosys CFO Criticises Rs 32,000 Crore GST Demand To Firm; Here's What He Said

ABP News  

Former Infosys board member and Chief Financial Officer Mohandas Pai has strongly criticised the Rs 32,000 crore Goods and Services Tax demand issued to the software company, describing it as the epitome of 'tax terrorism.' The pre-show cause notice issued by Karnataka State GST authorities demanding the payment of Rs 32,403 crore in GST has caused a major shock, given …

Infosys slapped with ₹32,403 crore GST notice for overseas expenses
8 months ago

Infosys slapped with ₹32,403 crore GST notice for overseas expenses

The Hindu  

GST authorities have slapped a ₹32,403 crore notice on Infosys for services availed by the company from its overseas branches for five years starting in 2017. The Bengaluru-headquartered IT firm said Karnataka State GST authorities have issued a pre-show cause notice for payment of GST of ₹32,403 crore for the period July 2017 to March 2022 towards the expenses incurred …

Infosys share price falls 1% as company gets ₹32,000 crore GST evasion notice: What IT major said
8 months ago

Infosys share price falls 1% as company gets ₹32,000 crore GST evasion notice: What IT major said

Hindustan Times  

Infosys shares fell almost 1 per cent today after the IT major received a GST notice citing a ₹32,000 crore tax evasion. The Directorate General of GST Intelligence said that Infosys is “liable to pay IGST under reverse charge mechanism on supplies received from branches located outside India to the tune of ₹32,403.46 crores for the period 2017-18 to 2021-22.” …

Infosys gets demand notice of ₹341 crore from income tax department
1 year ago

Infosys gets demand notice of ₹341 crore from income tax department

Live Mint  

IT giant Infosys said on Monday that it had been issued a tax demand of ₹341 crore by the Income Tax department for the assessment year 2020-21. “Infosys Ltd on March 31, 2024, received order under Section 201 & 201 of the Income Tax Act, 1961 from the Income Tax Department, Government of India for assessment year 20-21 with a …

Infosys says some users continue to face difficulties, working to streamline I-T portal experience
3 years, 6 months ago

Infosys says some users continue to face difficulties, working to streamline I-T portal experience

India TV News  

IT major Infosys on Thursday acknowledged that some users continue to experience difficulties in accessing the income tax portal and assured that it is working expeditiously, in collaboration with the Income Tax Department, to further streamline end-user experience. The Bengaluru-based company, which has drawn flak for glitches continuing months after the launch of the portal in June, said it has …

Role of Infosys in India's Development Crucial, 'Panchajanya' Not Mouthpiece of Sangh, Says RSS
3 years, 6 months ago

Role of Infosys in India's Development Crucial, 'Panchajanya' Not Mouthpiece of Sangh, Says RSS

News 18  

Sunil Ambekar, all-India publicity in-charge of RSS, on Sunday sought to distance the Sangh from the Panchajanya-Infosys controversy, saying the role of the IT giant in India’s development was critical. In an unprecedented attack on IT major Infosys, RSS-affiliated magazine Panchajanya alleged that the Bengaluru-based company may be deliberately trying to destabilise the Indian economy and accused it of helping …

RSS-Linked Journal Accuses IT Giant Infosys of Allying With 'Naxals, Tukde-Tukde Gang'. Here's Why
3 years, 6 months ago

RSS-Linked Journal Accuses IT Giant Infosys of Allying With 'Naxals, Tukde-Tukde Gang'. Here's Why

News 18  

In an unprecedented attack on IT major Infosys, RSS-affiliated magazine Panchajanya alleged that the Bengaluru-based company may be deliberately trying to destabilise the Indian economy and accused it of helping ‘Naxals, Leftists and tukde tukde gang’. The Sangh-linked magazine was slammming Infosys for issues surrounding the Goods and Services Tax portal and the new Income Tax portal of the government …

Panchajanya attacks Infosys on Income Tax portal glitches
3 years, 6 months ago

Panchajanya attacks Infosys on Income Tax portal glitches

The Hindu  

The issues surrounding the Goods and Services Tax portal and the new Income Tax portal of the government of India, developed by the Bengaluru-based software company Infosys, has come under a scathing attack by the RSS-associated magazine Panchajanya. More interestingly, the article then alleges that the Infosys Trust finances many “Left wing” outfits, including fact checking outfits, media portals, that …

Why Infosys Alone Can't be Blamed for Frequent Glitches on Income Tax Filing Portal
3 years, 7 months ago

Why Infosys Alone Can't be Blamed for Frequent Glitches on Income Tax Filing Portal

News 18  

As if India’s image as an investment destination hasn’t suffered enough, the Income Tax department has added its might to make things appear even worse. “Ministry of Finance has summoned Sh Salil Parekh,MD&CEO @Infosys on 23/08/2021 to explain to hon’ble FM as to why even after 2.5 months since launch of new e-filing portal, glitches in the portal have not …

Finance Ministry summons Infosys CEO Salil Parekh over repeated glitches on Income Tax portal
3 years, 7 months ago

Finance Ministry summons Infosys CEO Salil Parekh over repeated glitches on Income Tax portal

Op India  

Finance Ministry has summoned Infosys Managing Director and Chief Executive – Salil Parekh over troubles with the new income tax e-filing portal. Salil Parekh has been called to appear before the Ministry of Finance on August 23, Monday, to explain to Finance Minister Nirmala Sitharaman “as to why even after 2.5 months since the launch of new e-filing portal, glitches …

Irked by Glitches in New I-T Portal Even After 2.5 Months, Govt Calls Infosys CEO as Taxpayers Fret
3 years, 7 months ago

Irked by Glitches in New I-T Portal Even After 2.5 Months, Govt Calls Infosys CEO as Taxpayers Fret

News 18  

The Ministry of Finance has summoned Salil Parekh, MD and CEO of Infosys, to seek an explanation about why glitches in the new income tax filing portal have not been resolved, an issue flagged by Finance Minister Nirmala Sitharaman. Addressing shareholders’ questions on the matter, Infosys said it is deeply concerned with the inconvenience caused by the technical glitches in …

Infosys Acknowledged Technical Issues in New Income Tax E-filing Portal: FinMin
3 years, 8 months ago

Infosys Acknowledged Technical Issues in New Income Tax E-filing Portal: FinMin

News 18  

Infosys has acknowledged the technical issues in the new Income Tax portal and some of the initial glitches like slow functioning of the portal and non-availability of certain functionalities have been mitigated, Parliament was informed on Tuesday. In a written reply to a question in the Rajya Sabha, Minister of State for Finance Pankaj Chaudhary said more than 700 e-mails …

Infosys to resolve major issues with new tax filing portal in a week
3 years, 9 months ago

Infosys to resolve major issues with new tax filing portal in a week

Business Standard  

Infosys to resolve major issues with new tax filing portal in a week Sitharaman asked Infosys to work on the tax portal to make it more "humane and user-friendly" Premium The move comes after FM took cognizance of the problems faced by taxpayers with the I-T portal 2.0, following complaints flooding her Twitter timeline since its launch on June 7 …

Sitharaman meets Infosys officials, reviews tech glitches on new I-T e-filing portal
3 years, 9 months ago

Sitharaman meets Infosys officials, reviews tech glitches on new I-T e-filing portal

India TV News  

Finance Minister Nirmala Sitharaman on Tuesday reviewed with Infosys officials the technical glitches that continue to mar the new income tax e-filing portal. “The Income Tax Department said the new portal was aimed at making compliance more taxpayer-friendly, however the technical glitches shall be addressed fast, for convenience of all,” the ICAI statement said. Addressing shareholders' questions on the matter, …

Infosys regrets glitches, expects system to stabilise during week: Nilekani responds to Sitharaman
3 years, 9 months ago

Infosys regrets glitches, expects system to stabilise during week: Nilekani responds to Sitharaman

India TV News  

Infosys Co-Founder Nandan Nilekani has responded to Finance Minister Nirmala Sitharaman after the latter flagged issues in the new income tax e-filing website asking the technology company to fix the glitches. Infosys has developed the next-generation income tax filing system to reduce processing time for returns from 63 days to one day and expedite refunds. The software major had also …

Infosys sacks 3 employees held on fraud charges
5 years ago

Infosys sacks 3 employees held on fraud charges

India TV News  

Global software major Infosys on Monday sacked three of its techies who were arrested on a bribe charge levelled by the Income Tax Department, said a company official. "The three were arrested for contacting taxpayers and promising to get them tax rebates in lieu of 4 per cent of the total amount involved," Bengaluru South East Division Deputy Commissioner of …

GSTN glitch: Infosys asked to submit resolution plan in 15 days, Nandan Nilekani to make presentation
5 years ago

GSTN glitch: Infosys asked to submit resolution plan in 15 days, Nandan Nilekani to make presentation

Firstpost  

New Delhi: The finance ministry has asked Infosys to provide within 15 days a plan for quick resolution of glitches on the GSTN portal, as it took strong note of the “unresolved” problems and “tardy” progress made over the last two years on multiple issues faced by taxpayers in filing returns. On Saturday, Revenue Secretary held a meeting with top …

Infosys to design new forms for filing GST returns
6 years, 6 months ago

Infosys to design new forms for filing GST returns

India TV News  

The Goods and Services Tax Network has directed its software vendor Infosys to design new forms for filing returns by traders, said its Group of Ministers Chairman Sushil Kumar Modi on Saturday. "We have directed Infosys to design new forms as suggested by the GST Council to simplify filing returns by traders on the network," Modi told reporters here after …

Infosys to design new forms for filing GST returns
6 years, 6 months ago

Infosys to design new forms for filing GST returns

The Quint  

Bengaluru: Bihar Deputy Chief Minister and GST Group of Ministers for technology Chairperson Sushil Kumar Modi addresses during a press conference, in Bengaluru on Sept 22, 2018. Bengaluru, Sep 22 The Goods and Services Tax Network has directed its software vendor Infosys to design new forms for filing returns by traders, said its Group of Ministers Chairman Sushil Kumar Modi …

Infosys to configure editing facility in the GST network to enable traders to file returns
7 years, 4 months ago

Infosys to configure editing facility in the GST network to enable traders to file returns

Firstpost  

Software vendor Infosys would configure the editing facility in the GST Network by 20 November to enable traders to file their three-page summary return, said the GST Group of Ministers Chairman Sushil Kumar Modi on Saturday. “Over 2 lakh tax payers were unable to file their summary returns in August and September due to the non-provision of the editing facility …

GSTN glitches: ‘Rapid policy changes’ to blame, says Infosys as traders seek CBI probe against firm for 'dismal performance' of portal
7 years, 4 months ago

GSTN glitches: ‘Rapid policy changes’ to blame, says Infosys as traders seek CBI probe against firm for 'dismal performance' of portal

India TV News  

Dismayed by frequent glitches hampering traders’ compliance to India’s single largest indirect tax reform, the Confederation of All India Traders has demanded a CBI inquiry against Infosys and other companies for the “failure” of the Goods and Services Tax portal despite the large amount of investment and time that has gone into the system. “Some of these modifications have resulted …

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