Hinduja Global Solutions inches up on launching GST Compliance Services

05 Oct 2017

Hinduja Global Solutions is currently trading at Rs. 573.00, up by 0.30 points or 0.05% from its previous closing of Rs. 572.70 on the BSE.

The scrip opened at Rs. 573.00 and has touched a high and low of Rs. 573.00 and Rs. 573.00 respectively.

The BSE group 'B' stock of face value Rs. 10 has touched a 52 week high of Rs. 637.90 on 09-Feb-2017 and a 52 week low of Rs. 461.00 on 16-Nov-2016.

Last one week high and low of the scrip stood at Rs. 583.95 and Rs. 564.20 respectively. The current market cap of the company is Rs. 1,190.00 crore.

The promoters holding in the company stood at 67.54%, while Institutions and Non-Institutions held 9.87% and 22.59% respectively.

Hinduja Global Solutions (HGS) has launched a new solution providing end-to-end Goods & Services Tax (GST) compliance services to support the needs of corporate clients and business houses across India. The company is currently supporting its first client for the solution, a major telecom operator in India, from Noida. The company will shortly be starting services from Mumbai and Chennai.

HGS’ GST compliance services offering covers activities such as legal validation of all transactions (based on classification, valuation, place of supply, point of supply, applicability of exemption, reverse charge and GST credits), reconciliation between the books and return; and reconciliation for mismatches with creditors and customers, etc.

HGS is supporting this cause as part of their CSR agenda. Centum will be the training partner for this initiative and has vast experience in conducting training programs for PwDs and others from marginalized backgrounds. NASSCOM Foundation will be the overall owner of the initiative ensuring the maximum impact.


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