FILE PHOTO: An employee walks past a signage board in the Infosys campus at the Electronics City IT district in Bangalore, February 28, 2012. REUTERS/Vivek Prakash/File Photo
BENGALURU (Reuters) -India's second-largest IT services firm Infosys has received a tax demand of 324.03 billion rupees ($3.87 billion) from the country's tax authority, a document viewed by Reuters showed.
The goods and services tax (GST) demand relates to services availed by the company from its overseas branches for five years starting 2017.
Infosys did not pay the integrated GST on the "import of services as a recipient of services," according to the incident report.
The company set up branch offices outside the country for carrying out business and included the expenses it incurred towards these overseas branches as part of its export invoice from India, the Directorate General of GST Intelligence in Bengaluru said.
Further investigation in the matter is underway, according to the report.
Infosys did not immediately respond to a request for comment.
($1 = 83.6380 Indian rupees)
(Reporting by Haripriya Suresh; Editing by Shounak Dasgupta)
