NIIT Learning Systems Limited disclosed that its wholly owned subsidiary, NIIT (USA) Inc., has received tax assessment documents from the Department of Revenue, State of Washington, United States of America.
Details of Tax Demand
- Authority: Department of Revenue, State of Washington, United States of America (Audit Division)
- Assessment Period: January 1, 2022 to December 31, 2025
- Documents Received: Results of Audit Report and Notice of Balance Due, both dated July 30, 2026
- Date of Receipt: July 31, 2026
- Total Demand Amount: USD 600,303.50
- Tax Component: USD 435,957.60
- Penalty Component: USD 111,994.73
- Interest Component: USD 52,351.17
- Tax Types: Washington State Business & Occupation tax and Retail Sales tax classifications
Basis of Demand
The demand arose due to differences in the interpretation and application of the Washington State excise tax provisions relating to:
- Classification of revenue
- Deductions claimed
- Consequential levy of penalties
No violation or contravention of any law has been alleged by the authority.
Financial Impact
- The company had already created a provision for this amount in the books of accounts on a prudent basis in the previous financial year
- The financial impact, if any, is not material and will be dealt with in the books of account in accordance with applicable accounting standards
- There is no impact on the operations or other activities of NIIT (USA) Inc. and the parent company
Disclosure Signatory
The disclosure was signed by Deepak Bansal, Company Secretary & Compliance Officer of NIIT Learning Systems Limited, on July 31, 2026.