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Indian crypto exchange WazirX paid $6.62M for evading tax on commission

 Government authorities from CGST Mumbai Zone recuperated the assets from crypto trade WazirX in the wake of distinguishing a GST avoidance of $5.43 million on exchange commissions.

Indian crypto trade WazirX has evidently paid more than $6.62 million (49.2 crore rupoee0 following non-installment of Goods and Service Tax(GST) on trade commissions. The absolute recuperation incorporates the forthcoming duty of $5.43 million(40.5 crore rupees) the interest and a punishment for non-installment.

Government specialists from the Central GST and Central Excise committee(CGST) Mumbai zone recuperated the assets from the crypto trade in the wake of distinguishing a GST avoidance of $5.43 million on the commissions. A common GST misrepresentation incorporates making counterfeit solicitations without really moving the products between the merchant and the purchaser.

Read full story on http://cryptounity.news/indian-crypto-exchange-wazirx-paid-662m-for-evading-tax-on-commission


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