Ineligible ITC refunds? Infosys issued Rs 415 crore showcause notice by DGGI; what the matter is about

DGGI startd their investigation based on confidential information suggesting Infosys had sought improper ITC refunds. Infosys, India’s second-largest IT services exporter, has been issued a showcause notice over alleged ineligible refunds. The GST Intelligence wing (DGGI) has reportedly served Infosys with a notice questioning their claim of input tax credit (ITC) refunds amounting to Rs…

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US supply chain strain: FAA flight cuts, cargo jet grounding hit US logistics; FedEx and UPS brace for holiday rush

The US air cargo industry is bracing for fresh turbulence as the Federal Aviation Administration’s (FAA) 10% reduction in flight capacity across 40 major airports collides with the grounding of UPS and FedEx’s McDonnell Douglas MD-11 fleets, deepening pressure on supply chains ahead of the crucial Thanksgiving and holiday shipping season.The FAA ordered airlines to…

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