India goes after companies with a big tax stick

/ brand name, Compliance, corporate India, ease of doing business, foreign airlines, government, GST, Infosys, intra-company transactions, IT services, legal proceedings, Mohandas Pai, parent companies, Real Estate, shipping firms, subsidiaries, Tata Realty, tax authorities, tax demands, tax terrorism, trademark

A wave of demands for payment of GST on intra-company transactions has opened up a new front between corporates and the government. A dent to the ease-of-doing-business rankings the likely first casualty. Early in August, it emerged that India’s Goods and Services Tax authorities had slapped IT services company Infosys with a whopping Rs 32,000 crore demand for unpaid taxes. The demands were centred around taxes payable on intra-group transactions—between subsidiaries and parent companies, between branch offices and head offices.

Published by: The Morning Context
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