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Infosys claimed to have paid the dues to the relevant offices, but according to Indian authorities, transnational will be convicted for failure to pay Tax revenue: 3.8 billion It is a huge figure, almost equal to the turnover the company reported in the previous quarter.
A government official told the agency Reuters This will be a common question across the industry and other companies may receive this question in the coming days. notify similar.
The Infosys incident has reached the stage where: Great Activism Sent more than one by the Indian tax authorities in the last 12 months Thousands of notifications For large companies, it is not only because of suspected violations of implementation rules Goods and Services Tax, GSTThere are also many giants among the companies involved, such as Life Insurance Corporation of India, Dr. Reddy’s Laboratories Egypt Ultra Tech Cement.
Infosys will likely have to fight a A long legal battle With the government. So far, the most sensational cases of conflict between multinational companies and India’s tax authorities have been related to entry into India. Vodafone Entering the local market through acquisitions hutchison essar telecommunications services co. Dating back to 2007. After losing to the opponent, more than 15 years are not enough to end the story. Supreme CourtIndia retroactively changed its Income Tax Law.
Infosys It ranks second in the Indian IT, consulting and outsourcing sector, behind the market leader Tata Consultancy Services （Control StrategyToday it appears in 56 countries With over 315,000 employees.
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