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WAZIRX TAX EVASION
Budget proposes penalties for crypto firms over lapses in transaction disclosuresUnder Section 509 of the Income Tax Act, crypto exchanges and intermediaries are required to submit periodic statements detailing crypto-as...- ED attaches Rs 907 cr assets of crypto exchanges under PMLAThe Enforcement Directorate has seized assets worth Rs 907 crore and arrested three individuals in connection with money laundering cases i...
- Centre detects Rs 722 cr GST evasion from Binance, recovered Rs 122 cr from other crypto exchangesGST authorities have booked tax evasion cases against 17 cryptocurrency exchanges, amounting to Rs 824.14 crore. This includes Rs 722.43 cr...
- 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...
- WazirX episode reveals darker side of crypto: Govt sourcesAt the G20 Ministerial Symposium on Tax and Development in Bali, she had suggested that G20 should examine the feasibility of bringing non-...
- WazirX tells workers it ‘disagrees’ with ED; Son’s warning to unicorn foundersThree days after the Enforcement Directorate froze its bank assets worth Rs 64.67 crore, crypto exchange WazirX has sought to allay the con...
- Crypto volume slump: Majority of traders 'unhappy' with new tax rules, say exchangesThe domestic exchanges collectively conducted the survey and included only those traders who were active from the beginning of the year til...
- 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...
- 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...
- 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.
- Banning crypto would encourage non-state players, says industry bodyThe Blockchain and Crypto Assets Council said that a smartly regulated crypto sector would protect investors, help monitor Indian buyers an...
- Lenskart gets fuel for overseas boostIn today’s ETtech Morning Dispatch: Lenskart gets $220 million from Temasek, Falcon Edge Capital; BigBasket plans return of express deliver...
- Move to ban cryptocurrency has Indian blockchain firms worriedThe yet-to-be-released report also highlights illegal transactions and tax evasions among problems.
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