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Government recovers Rs 95.86 crore from 11 crypto exchanges, here’s what happened - The total amount includes penalties and interest. Rs 49.18 crore was recovered from Zanmai Labs (WAZIRX) and Rs 17.1 cr from Coin DCX.
NEW DELHI, Mar 28: The Government on Monday said Rs 95.86 crore has been recovered from 11 cryptocurrency exchanges for evasion of Goods and Services Tax (GST). The total amount includes penalty and interest. Zanmai Labs (WAZIRX), Coin DCX, CoinSwitch Kuber, Buy Ucoin, UnoCoin and Flitpay were among the exchanges that were involved in GST evasion cases. Others were Zeb IT Services, Secure Bitcoin Traders, Giottus Technologies, Awlencan Innovations India (Zebpay) and Discidium Internet Labs, according to the finance ministry. […]