After Uber, Ola it's Byju's parent faces scrutiny by GST intelligence wing

Edtech unicorn Byju's faces two cases for alleged tax evasion of around Rs 43 crore and has been asked to respond to show-cause notices detailing the alleged violations.

After cab aggregators Uber and Ola, it is now the turn of the parent company of edtech firm Byju's to come under the scanner of the intelligence wing of the Goods and Services Tax (GST) department for alleged tax evasion.

Think & Learn Private Limited (TLPL), the parent of Bengaluru-based Byju's, is being investigated in two cases of alleged GST evasion to the tune of Rs 43 crore, according to show-cause notices issued to the company.

The GST department sent show-cause notices to the company on December 31, 2020 in connection with both the cases it has opened.

The investigation pertains to the manufacture and sale of books, tablets and SD cards that Byju's provides its students, people familiar with the matter said. The GST department believes the unicorn failed to disclose information about these items, and thus attempted to evade paying taxes, one of the persons said, asking not to be named.