Nasscom raises concerns over a large GST demand to Infosys, highlighting risks to India's services exports growth and ease of doing business.

Nasscom, the apex IT industry body in India, has voiced concerns over a Rs 32,403 crore ($4.17bn) GST demand notice issued to Infosys, arguing that it reflects a lack of understanding of the IT industry's operating model. Nasscom emphasizes the importance of avoiding multiple interpretations of compliance obligations, stating that such ambiguity could hinder the growth of India's services exports, which are vital to achieving India's 'Viksit Bharat' ambition and attracting global tech investment. The association calls for proper implementation of government circulars and GST regulations to prevent uncertainty and negative perceptions of India's ease of doing business.

August 01, 2024
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