ED attaches Rs 907 crore, arrests 3 in relation to money laundering by crypto exchangesMinister of State for Finance Pankaj Chaudhary said Central GST officers have detected Goods and Services Tax (GST) evasion worth ₹87.60 cr...
ED attaches Rs 907 crore assets of crypto exchanges under PMLAIn a written reply to a question in the Lok Sabha, Minister of State for Finance Pankaj Chaudhary said the Directorate of Enforcement is in...
India likely to be fastest growing economy, says government sourceThe PTI source also revealed that the government is taking constant measures and is monitoring and engaging with the Reserve Bank of India ...
Crypto industry enraged over mounting taxes as govt mulls 28% GSTAccording to the media reports, services such as crypto mining, with sales and purchases, are likely to attract the 28 per cent GST if the ...
Govt says Rs 95.86 crore recovered from 11 cryptocurrency exchanges for GST evasionZanmai Labs (WAZIRX), Coin DCX, CoinSwitch Kuber, Buy Ucoin, UnoCoin and Flitpay were among the exchanges that were involved in GST evasion...
Eleven Indian crypto exchanges evaded Rs 81.5 cr GST, government saysChaudhary said while the government does not collect any data on cryptocurrency exchanges, a few “cases of evasion of Goods and Services Ta...
Top cryptocurrency prices today: Bitcoin, Ethereum, Dogecoin, Shiba Inu drop up to 6%Barring Terra, all top digital tokens were trading lower on Monday. Avalanche and Shiba Inu tumbled 5 per cent each, followed by a 4 per ce...
YouTube hack hits Indian crypto firms; Budget wish lists for crypto, fintechThe YouTube accounts of various Indian crypto companies including CoinDCX, CoinSwitch Kuber, WazirX and Unocoin were among those compromise...
Budget 2022-23: Crypto startups seek tax clarity, fintech firms want sopsThe cryptocurrency space, which has been in the spotlight over the past year, has been suffering due to the lack of regulations and clarity...
Startup grouping IndiaTech writes to FM, seeks crypto tax rules in BudgetIn the letter, IndiaTech has appealed to the government to tweak existing tax laws to include crypto assets, and sought clarity on the meth...
Crypto platforms lack clarity on tax provisions: IndustryAfter the Goods and Services Department, which slapped a ₹40 crore GST demand on crypto exchange WazirX last month, the Directorate General...
India’s cryptocurrency platforms lack clarity on tax provisions: IndustryThe anomalies in goods and services tax (GST) calculation for cryptocurrency platforms is due to the confusion over tax applicable on diffe...
GST probe may set precedent for crypto taxationLegal experts have long debated on the categorization - and tax treatment - of cryptocurrencies. They are yet to converge on whether a cryp...
DGGI cracks down on Cryptocurrency exchanges across country, Rs 70 crore tax evasion detected"The DGGI is investigating Coinswitch Kuber by M/s Bitcipher Labs LLP, CoinDCX by M/s Neblio Technologies PVT. LTD., BuyUCoin by M/S I Bloc...
Crypto exchange WazirX dodged Rs 40.5 crore in tax, says GST departmentLate on Thursday evening, the tax department recovered Rs 49.2 crore from the company – the GST owed plus interest and penalties.
India's crazy crypto year; startups to lead wage hikes in 2022This was the year that India truly went crypto mad.
Govt may tax overseas crypto exchangesIn today’s ETtech Morning Dispatch: Overseas cryptocurrency exchanges may face 18% GST in India, Prem Watsa-backed Digit in talks to raise ...