cryptd.in

另类 LinkedIn 适合加密人才

Binance, WazirX, and Other Crypto Firms Accused of Tax Evasion in India: Report

-

由

于

India’s Goods and Services Tax (GST) authorities have reported a $99.1 million tax evasion case involving 17 cryptocurrency exchanges operating in the country.

Nest Services Ltd., a company linked to Binance Group, stands out as one of the most significant offenders. The firm is accused of evading $86.8 million in GST.

India Recovers $14.7M in Crypto Tax Crackdown

According to an Economic Times 报告, Minister of State for Finance Pankaj Chaudhary revealed in a written response to the Lok Sabha that investigations have been launched into these firms.

The investigation has already led to the recovery of $14.7 million in taxes, penalties, and interest, with further recoveries expected as authorities continue their probe. Among the other exchanges under scrutiny, Zanmai Labs Pvt (WazirX) faces allegations of evading $4.9 million, CoinDCX is accused of evading $2 million, and CoinSwitch Kuber is linked to $1.7 million in GST evasion.

The agency is also investigating four crypto investors who were found to have evaded $210,000 in GST. Authorities have already recovered $290,000 from these individuals, covering taxes, penalties, and interest.

Chaudhary also highlighted the government’s growing efforts to regulate the cryptocurrency sector, noting that 47 Virtual Digital Asset Service Providers (VDA SPs) have been registered as Reporting Entities with the Financial Intelligence Unit-India under the Prevention of Money Laundering Act, 2002.

This is not the first instance of the government acting against crypto exchanges. In 2021-22, 11 platforms were penalized for tax evasion, with $1.08 million in unpaid taxes identified. At the time, authorities successfully recovered $1.2 million, including penalties.

Crackdown on Binance’s Tax Evasion

This report comes months after Indian law enforcement agencies demanded around $86 million in unpaid taxes from Binance in August.

Binance and several other offshore crypto exchanges were banned in India in January 2024 for non-compliance with local regulations. However, in April, the exchange announced its intention to resume operations in the country after settling pending taxes.

Despite this, in August 2024, the Directorate General of Goods and Service Tax Intelligence (DGGI) demanded $86 million from Binance under GST.

According to The Times of India, the platform had reportedly earned $480 million from transaction fees charged to Indian customers. Investigations revealed that these earnings were credited to an account belonging to Nest Services Ltd.

Authorities also sent email notices to Binance’s offices in Seychelles, the Cayman Islands, and Switzerland, which the exchange initially ignored. Binance later appointed local counsel to address its tax obligations.

India requires all crypto service providers and investors to pay a 1% tax deducted at source (TDS) on every transaction, regardless of its value. Additionally, all profits from crypto investments are subject to a 30% tax.

职位 Binance, WazirX, and Other Crypto Firms Accused of Tax Evasion in India: Report 首次出现在 加密土豆.

评论

發佈留言

發佈留言必須填寫的電子郵件地址不會公開。 必填欄位標示為 *

最新信息

热门类别

zh_TW 繁體中文
zh_TW 繁體中文 en_US English ro_RO Română et Eesti ko_KR 한국어 ja 日本語 ru_RU Русский de_DE Deutsch es_ES Español zh_CN 简体中文 fr_FR Français pt_PT Português it_IT Italiano pl_PL Polski tr_TR Türkçe nl_NL Nederlands id_ID Bahasa Indonesia el Ελληνικά uk Українська bg_BG Български cs_CZ Čeština fi Suomi hu_HU Magyar lv Latviešu valoda lt_LT Lietuvių kalba nb_NO Norsk bokmål sk_SK Slovenčina sl_SI Slovenščina sv_SE Svenska

搜索网站

热门故事

标签

#AlexeyPertsev (1) #BidenCryptoBan (1) #BidenElection (1) #BinanceVsCoinbase (1) #Bitcoin (446) #BitcoinETF (3) #itcoinFundamentals (1) # 比特币处理 (1) # 比特币价格 (5) # 比特币价格水平 (1) #BitcoinPump (1) #BitcoinReserve (1) #BitcoinSurge (1) #itcoinTop (1) #Bitfinex (1) #Bitwise (1) #BracebridgeCapital (1) #BRC20Tokens (1) #BTC 收购 (1) 1TP5 看涨预测 (1) #BullishSentiment (1) #C 中国矿业 (1) #CPIPreview (1) #CryptoAsset (2) #CryptoBattle (1) #CryptoBoom (1) #CryptoExpert (1) #CryptoInsights (1) #CryptoMania (1) #CryptoMarket (4) #CryptoPrediction (1) #CryptoPredictions (1) #CryptoRegulation (2) #CryptoTakeoff (1) #CryptoTiming (1) #CryptoTips (1) #CryptoTreasury (1) #CryptoUncertainty (1) #DerivativeJump (1) #Dogecoin (74) #ogecoinGains (1) #ogecoinVolume (1) #DutchCourt (2) #ECommerce (1) #El萨尔瓦多比特币 (1) #E以太坊 (73) #EthereumPain (1) #E以太坊价格 (1) #ExpertOpinion (1) #FedRateCut (1) #FiatCurrency (1) #F 财务影响 (1) #F 财务隐私 (1) #FirmShutdown (1) #FrozenAccounts (1) #IllicitFunds (1) #InflationData (1) #Investment (1) #InvestmentLoss (1) #JapaneseFirm (1) #L LegalAction (1) #L 法律影响 (1) #Legislation (1) #LightningNetwork (1) #M 市场分析 (3) #M 市场监测 (1) #M 市场预测 (1) #M 市场预测 (1) #M 市场投影 (1) #M 市场支持 (1) #M 市场波动性 (1) #M 婚姻 (1) #MemeCoin (5) #MemeCoins (2) #Miner 盈利能力 (1) #M 洗钱 (2) #MtGox (4) #朝鲜加密货币 (1) #诺沃格拉茨预测 (1) 1TP5价格里程碑 (1) #P 价格预测 (2) 1TP5价格问题 (1) #PriceSurge (1) #PrisonSentence (1) # 量化分析 (1) #R 监管压力 (1) #SECA Anti-Crypto (1) #ShibaInu (6) #SocialBuzz (1) #T 技术分析 (1) #Toncoin (3) #T 龙卷风现金 (3) #T 龙卷风现金发展项目 (1) #T 龙卷风现金开发者 (1) #UKCrypto (1) #UpsidePotential (1) #USCongress (1) #WyomingLand (1) #XRPPrice (1) #XRPupswing (1)

实用链接

我发现了一些有用的链接，希望与大家分享。