Infosys Faces $4 Billion Tax Demand Amid Industry-Wide Scrutiny

Indian tax authorities allege GST evasion by Infosys, with more IT firms potentially under investigation.

Infosys received a $4 billion tax demand related to services from its overseas branches.
The company argues that GST is not applicable on these transactions, citing government regulations.
Experts predict similar tax notices may be issued to other IT firms in India.
Infosys maintains it has complied with all central and state tax regulations.
The case highlights ongoing tensions between India's IT sector and tax authorities.