News Seychelles Interest: DGGI raids major Cryptocurrency service providers, detects massive tax evasion: Report
Published on: Saturday 01 January 2022
News source: https://www.livemint.com/news/india/dggi-raids-major-cryptocurrency-service-providers-detects-massive-tax-evasion-11641024040814.html
During the investigation, it came to notice that the taxpayer used to collect revenue from the commission as trading fees, deposit fees and withdrawal fees ...
News Seychelles Interest: Crypto exchange WazirX dodged Rs 40.5 crore in tax, says GST department
Published on: Thursday 30 December 2021
News source: https://economictimes.indiatimes.com/tech/tech-bytes/wazirx-under-tax-lens-gst-department-says-crypto-exchange-evaded-rs-40-5-crore-in-taxes/articleshow/88608909.cms
Late on Thursday evening, the tax department recovered Rs 49.2 crore from the company – the GST owed plus interest and penalties.
News Seychelles Interest: DGGI cracks whip on four crypto players for tax evasion; collects Rs 30 crore in arrears
Published on: Saturday 01 January 2022
News source: https://www.cnbctv18.com/cryptocurrency/dggi-cracks-whip-on-four-crypto-players-for-tax-evasion-collects-rs-30-crore-in-arrears-11988742.htm
Sources said the entities in question evaded tax on services provided as an intermediary, which attract a GST of 18%. Sources said the arrears were recovered in the form of cash, including interest ...
