Ineligible ITC refunds? Infosys issued Rs 415 crore showcause notice by DGGI; what the matter is about
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The DGGI has issued a notice to Infosys for allegedly claiming ₹414.88 crore in improper ITC refunds for services exported between 2018-19 and 2023-24. The investigation suggests the IT giant included services from foreign branches and subcontractors in its zero-rated export turnover, leading to excessive refund claims. What's Your Reaction?
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