Infosys shares to be in focus after DGGI closed ₹32,403 crore pre-show cause GST notice
Infosys got a Goods and Solutions Tax (GST) need closure notice on Friday, offering ₹32,403 crore relief to the IT significant from the GST-demanded charges enforced by the DGGI previously. Shares closed higher ahead of the closure development.
India’s second-largest IT firm, Infosys Ltd, received a services and goods tax (GST) need closure notice on Friday, 6 June 2025. The notification relieved the business from a ₹32,403 crore tax order from the Director General of GST Intelligence (DGGI). “The company has today received an interaction from the Director General of GST Intelligence (DGGI) closing the pre-show cause notification procedures for the financial years 2018-19 to 2021-22,” according to the BSE filing. The information likewise revealed that the DGGI earlier asked for a ₹32,403 crore GST need notice for the problem of non-payment of IGST under the Reverse Charge System. “With the invoice these days’s communication from DGGI, this matter stands closed,” said Infosys in the BSE filing. Infosys Share Rate Infosys shares closed 0.62 per cent higher at 1,564.05 after Friday’s stock market session, compared to 1,554.35 at the previous market close. The company got the GST demand closure notice after stock market running hours on 6 June 2025. IT significant shares have provided stock market investors more than 126 per cent returns on their financial investments in the last five years and 4.55 percent in the last 1 year duration. On a year-to-date (YTD) basis, the shares have lost 16.71 percent in 2025. The stock is trading 3.74 per cent higher in the last one-month duration. Infosys shares struck their 52-week high level at 2,006.80 on 13 December 2024, while the 52-week low level was at 1,307.10 on 17 April 2025, according to the information gathered from the BSE site. The IT major’s market capitalisation (M-Cap) was at 6,49,739.73 crore as of Friday, 6 June 2025. Infosys Q4 Outcomes Infosys’s January to March quarter results for the financial year ended 2024-25 saw an 11.75 percent year-on-year (YoY) fall to 7,033 crore, compared to 7,969 crore in the exact same duration a year earlier, according to the consoldiated monetary declarations. The revenue from core operations for the fourth quarter rose 8 per cent YoY to 40,925 crore from 37,923 crore in the corresponding quarter of the last financial year. Check out all stock exchange news here Check out all stories by Anubhav Mukherjee Disclaimer: This story is for instructional purposes just. The views and suggestions above are those of private experts or broking companies, not Mint. We recommend investors to consult qualified professionals before making any investment choices.
