Infosys challenges Rs 414.88 crore DGGI GST refund notice

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On the reaction day the stock moved 0.6 pts more than Nifty 100 and 0.7 pts more than its Computers - Software & Consulting peers, over the same two closes: a difference in percentage points, not a measure of what the filing did.

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AI summary

DGGI issued a notice on 12 August 2025 alleging that Infosys wrongly claimed GST input tax credit refunds for services from overseas branches. Infosys filed a case in the Karnataka High Court on 19 September 2025 to challenge the notice. No tax demand has been raised so far, and the company says the matter has no material impact.

Likely market impact

The disputed amount is significant, but no tax demand exists yet and Infosys is contesting it, so no financial loss is confirmed.