According to ET Now, government sources have indicated that amendments to the June circular on Goods and Services Tax (GST) are currently under consideration. This move could potentially provide significant relief to Infosys in its ongoing ₹30,000 crore tax evasion case.
The government’s decision could also extend relief to other tech companies that are currently facing massive GST demands. If the amendments go through, it could reshape the financial obligations of several key players in the tech sector, offering them some respite amid growing tax scrutiny.
At 1:06 PM, Infosys (INFY) shares were trading at ₹1,887.80, down 0.46% after a slight dip of ₹8.65. The stock opened at ₹1,888.00 and hit a high of ₹1,894.50, with a low of ₹1,871.40 during the session. The previous close was ₹1,896.45.
