Binance Reaffirms Commitment to Indian Laws Following Significant GST Notice

Binance Reaffirms Commitment to Indian Laws Following Significant GST Notice

ByNews Polite

Binance is currently staring at a GST payment of Rs. 772 crore in India. In an official statement shared with Gadgets360, the crypto exchange once again repeated its intentions of striving to comply with Indian laws after this fresh run-in with the country’s Directorate General of GST Intelligence (DGGI). Earlier…

Binance Served Notice for Rs. 772 Crore in GST Charges by DGGI in India

Binance Served Notice for Rs. 772 Crore in GST Charges by DGGI in India

ByNews Polite

Binance, touted as the largest crypto exchange in the world, has been issued a notice in India, demanding a Goods and Services Tax (GST) payment of Rs. 772 crore (roughly $92 million). The Ahmedabad zonal unit of India’s Directorate General of GST Intelligence (DGGI) is the authority that has issued…

Betting-Based Online Gaming Firms Said to Face Rs. 1 Lakh Crore GST Notices

Betting-Based Online Gaming Firms Said to Face Rs. 1 Lakh Crore GST Notices

ByNews Polite

India’s online gaming industry has received show-cause notices amounting to Rs. 1 lakh crore say sources. The notices come even as the industry has raised concerns on the applicable GST Rates. The government has asserted that a 28 percent GST rate should have been in place starting from October 1,…

India Seeks Info on Coins Listed for Trade on Exchanges as Tax Body Mulls Levying GST

India Seeks Info on Coins Listed for Trade on Exchanges as Tax Body Mulls Levying GST

ByNews Polite

India’s Central Board of Indirect Taxes and Customs (CBIC) has reached out to a bunch of crypto exchanges operating in the country. The body is seeking lists of all the cryptocurrencies that are being traded on the exchanges in India. The tax authority of India is reportedly evaluating if the…