Infosys GST notice update: The Indian government has no plans to ease the Rs 32,000 crore ($4 billion) tax demand it issued to Infosys, a government source revealed to Reuters. The tax demand, which aligns with the country’s good and services tax regulations, was sent to the IT services company, which ranks as the second-largest…
AHMEDABAD: The Ahmedabad zonal unit of the Directorate General of GST Intelligence (DGGI) has issued a show-cause notice to a major cryptocurrency exchange, demanding Goods and Services Tax (GST) payment of Rs 722 crore. This marks the first time the DGGI has issued such a notice to a cryptocurrency firm, setting a precedent in India’s…
DEHRADUN/HARIDWAR: In a double blow to Patanjali, the Directorate General of GST Intelligence (DGGI) in Chandigarh has imposed a hefty penalty of Rs 27.5 crore on Patanjali Foods for an irregularity in Input Tax Credit (ITC). The notice comes a day after the Uttarakhand govt suspended the licences for 14 products sold by Patanjali Ayurved…
