Stocks In IT, ITeS Trade Mixed On Huge Servcie Tax Demand

Subscribe to GoodReturns
For Quick Alerts
For Daily Alerts

    After the huge Rs. 10000 crore demand notice has been issued to as many as 200 companies in the IT and ITeS space, the shares are trading mixed.

    Stocks In IT, ITeS Trade Mixed On Huge Servcie Tax Demand

    This is despite the NIFTY IT pack doing well with a positive of 0.74% and trading at 11199.

    The service tax demand news has been reported in one of the leading business dailies which says that the companies in the sector have been asked to pay back the export benefits which has been claimed in the last 5 years or so.

    The claim for additional service tax payment along with fee payment is being levied on these firms.

    Few of the sectoral scrips including Mindtree, Infosys , KPI, Tech Mahindra, Wipro were seen trading higher in the afternoon trade.

    Read more about: it stocks nifty it service tax
    Story first published: Thursday, November 23, 2017, 13:58 [IST]
    Company Search
    Enter the first few characters of the company's name or the NSE symbol or BSE code and click 'Go'

    Find IFSC

    Get Latest News alerts from Goodreturns

    We use cookies to ensure that we give you the best experience on our website. This includes cookies from third party social media websites and ad networks. Such third party cookies may track your use on Goodreturns sites for better rendering. Our partners use cookies to ensure we show you advertising that is relevant to you. If you continue without changing your settings, we'll assume that you are happy to receive all cookies on Goodreturns website. However, you can change your cookie settings at any time. Learn more