News > Infosys share price falls 1% even as IT major refutes Rs 32,000 crore GST demand notice

Infosys share price falls 1% even as IT major refutes Rs 32,000 crore GST demand notice

Infosys shares were trading at Rs 1,850 on the NSE at 9.16 am extending the previous day's 0.5% fall. Yesterday, the Directorate General of GST Intelligence said that Infosys is “liable to pay IGST under reverse charge mechanism on supplies received from branches located outside India to the tune of Rs 32,403.46 crores for the period 2017-18 (July 2017 onwards) to 2021-22.” Infosys said that the company has paid all dues and is fully compliant.