DGGI takes action against other crypto currency players

After CGST Mumbai zone action against WazirX, DGGI takes action against other crypto currency players

tax evasion by:

CoinSwitch Kuber
CoinDCX
BuyUCoin
Unocoin

Probes show tax evasion on Services provided by cryptocurrency platforms.

After the massive tax evasion of GST by Cryptocurrency Service providers WazirX, the Directorate General of GST Intelligence has come down heavily on Cryptocurrency exchanges operating in the country, said sources.

“Around half dozen offices of Cryptocurrency Service providers have been searched and massive Goods and Service Tax (GST) evasion has been detected by DGGI,” sources told ANI.

According to sources, around ₹70 crore worth of tax evasion has been detected during the crackdown on Cryptocurrency trade by Mumbai CGST and DGGI.