Govt to not give any relaxation in its Rs 32,000 cr GST demand on Infosys

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Shares of Infosys, which were up 1.6% before the news amid a broader market rebound, briefly trimmed gains to about 0.

The source declined to be named as they were not authorised to speak to the media.

This amounts to 85 per cent of its revenue for the quarter ended June 30.

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Category: BusinessFinance

Markets: India

Topics: IT industry Infosys taxes GST Companies IT sector Infosys Tax Tax demand

Source Website Secure: Yes (HTTPS)

News Sentiment: Neutral

Fact Checked: Legitimate

Article Type: News Report

Published On: 2024-08-06 @ 12:33:05 (5 hours ago)

News Timezone: GMT +5:00

News Source URL: business-standard.com

Language: English

Article Length: 334 words

Reading Time: 2 minutes read

Sentences: 14 lines

Sentence Length: 24 words per sentence (average)

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Copyright Owner: © Business Standard

News ID: 21952328

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