IPO-bound payments firm EbixCash raided for suspected GST evasion

The Goods and Services Tax (GST) department conducted a series of searches at the office of payment company Ebix in Mumbai last week, a senior GST official told Moneycontrol. The department found proof of tax evasion to the tune of Rs 20 crore during the searches. A mail to the company seeking comment went unanswered at the time of publishing this story. Ebix is a global player, which facilitates…