Byju’s US Subsidiaries Face ₹250 Crore GST Demand During Insolvency Proceedings

BYJU’S US subsidiaries face a ₹250 crore GST demand during insolvency proceedings. The GST authorities issued the demand notice for alleged non-payment of GST on certain transactions. The demand comes amid ongoing insolvency proceedings for BYJU’S US entities. The case highlights the complexities of managing tax compliance during insolvency and the potential financial implications for companies undergoing restructuring. The GST demand adds to the challenges faced by BYJU’S as it navigates the insolvency process and seeks to resolve outstanding tax liabilities.