Infosys clarifies on Rs 415 crore show cause notice by DGGI

Infosys clarified that there are no pending Goods and Services Tax (GST) demands against it regarding ineligible input tax credit (ITC) refunds, according to an exchange filing on Thursday.

The statement comes a day after the Directorate General of GST Intelligence (DGGI) issued a show cause notice to the Indian IT major for Rs 415 crore over alleged ineligible ITC refunds.

The show cause notice issued by DGGI alleged that the services Infosys provided on foreign soil cannot be classified as export of services, and hence does not qualify for ITC…