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Bitcoin, Ether Begin 2022 on the Up While Altcoins Have Mixed Day of Crypto Trade

Bitcoin hit a festive high two days after Christmas when it soared to its highest price in three weeks of $52,000 (roughly Rs. 38.6 lakh), but the cryptocurrency hasn t been able to retain those levels to begin 2022. While Ether price is on the rise, other altcoins are having a mixed day of trade. ....

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Following WazirX, the DGGI searched the offices of many bitcoin service providers for GST avoidance.

The Directorate General of GST Intelligence (DGGI) observed huge tax avoidance after leading inquiries at some significant cryptographic money specialist organizations the nation over, sources said on Saturday. DGGI specialists likewise looked through the premises connected to Cryptocurrency trade specialist organization WazirX, a day later the organization was fined Rs 49.20 crore for avoiding lawful assessments. The GST Mumbai (East Commissionerate Zone), while examining the business exercises of digital currency trade WazirX, distinguished GST avoidance of Rs 40.5 crore. In an assertion, the office said that they have recuperated Rs 49.20 crore in real money from the firm which incorporates ....

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WazirX Fined Rs 49.2 Crore for Tax Evasion Worth Rs 40.5 Crore

GST Mumbai East Commissionerate detected a GST evasion worth Rs 40.5 crores and recovered Rs 49.2 crore in cash pertaining to GST evaded, interest, and penalty from the cryptocurrency exchange WazirX. ....

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WazirX Evaded GST Alleges Tax Authority, Crypto Exchange Blames Ambiguity

The goods and services tax authority said it detected "tax evasion" by cryptocurrency exchange WazirX during its investigation into businesses of new-age and digital companies. The company said it wasn't intentional. ....

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Firm dealing in cryptocurrency fined Rs 49.20 crore

The GST officials on Friday said the Mumbai Commissionerate while investigating the business activities of a cryptocurrency exchange, WazirX, detected GST evasion of Rs 40.5 crore. ....

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