Stock such as, Mahindra Holidays & Resorts India was up by 0.6%, ITC was up by 1.6%, Taj GVK Hotels & Resorts was up 1.8%, Hotel Leela Group Venture was up by 2.6%, ITDC was up by 2.6%, Indian Hotels Company was up 3.1%, Asian Hotels North Limited was up by 3.3%, Byke Hospitability was up by 3.7% and Advani Hotel & Resorts India was up by 8.4%.
The Goods and Services Tax (GST) will be rolled out from June 30 midnight. The GST regime will unify Asia’s third largest economy into a common market, eliminating a string of central and state levies.
Once GST gets implemented, companies must file a complete return of their sales invoices by the 10th of the following month, with a second of their purchase invoices by the 15th. A third return would calculate their tax bill.