Today news
About the same in other media
Indian taxman recovers $6.62M from WazirX for evading tax on commission
Reading now: 935
Indian crypto exchange WazirX has reportedly paid over $6.6 million (49.2 crore rupees) following non-payment of Goods and Services Tax (GST) on trade commissions. The total recovery includes the pending tax of $5.43 million (40.5 crore rupees), the interest and a penalty for non-payment.
Government officials from the Central GST and Central Excise committee (CGST Mumbai Zone) recovered the funds from the crypto exchange after detecting a GST evasion of $5.43 million on the commissions. A typical GST fraud involves creating fake invoices without actually moving the goods between the seller and the buyer.
Officers of CGST Mumbai East comm'te have detected GST Evasion of Rs 40.5 Cr. on commission of Wazir X Crypto Currency & recovered Rs 49.2
Read more on cointelegraph.comAbout this in other media
Modi Urges Global Effort to Deal with Crypto, Indian Crypto Sector Remains in Uncertainty blockchain.news /2 years ago
From tuk tuks to COVID tests, YouTuber tests Bitcoin use cases across multiple countries cointelegraph.com /2 years ago
Singapore bars crypto service providers from advertising in public spaces cointelegraph.com /2 years ago
Show more
The website finance-news.co. is an aggregator of news from open sources. The source is indicated at the beginning and at the end of the announcement. You can send a complaint on the news if you find it unreliable.
