Infosys, India’s second-largest IT services company, has received a pre-show cause notice from Karnataka State GST authorities for alleged GST evasion of Rs 32,403 crore. The notice pertains to expenses incurred by overseas branch offices during July 2017 to March 2022. Infosys maintains that GST is not applicable on such expenses and has responded to the notice. The company also received a similar notice from the Director General of GST Intelligence.
The Sindh Revenue Board (SRB) has sealed two businesses in Karachi for tax evasion. Sajjad Restaurant at Do Darya and Dawat, an event management company in Khayaban-e-Bukhari, Phase VI, DHA, were found to have under-declared their sales and evaded Sindh Sales Tax (SST). Additionally, they failed to file tax returns despite multiple advisories and notices from the SRB. Sajjad Restaurant also violated rules by not integrating its Point of Sales (POS) system with the SRB’s prescribed system. The SRB remains committed to ensuring tax compliance and will continue taking action against non-compliant service providers.
Angela Fae Brown, a former accountant for Viking Pavers in Richmond, California, has been charged with embezzling more than $800,000 from the company between September 2017 and November 2022. Brown allegedly exploited her accounting skills to illegally enrich herself by creating a fake account with a payment processing service linked to her personal bank account. She then generated phony invoices and paid them with the company’s funds, funneling the money into her own account. Brown’s trusted employee status allowed her to conceal her embezzlement scheme for nearly five years before she was confronted by a manager and authorities launched an investigation.
Peter Byron, the ex-mayor of Wildwood, New Jersey, faces new tax evasion accusations just months after settling a similar case in federal court. The indictment alleges that Byron failed to report income earned outside the city and incorrectly reported his earnings on state tax returns.
