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DGGI action on WazirX, others may set stage for crypto GST: Report
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cnbctv18.comThe Directorate General of GST Intelligence (DGGI) has recently cracked down on the half a dozen cryptocurrency exchanges operating in India for evading their goods and service tax liabilities. The authority already recovered Rs 49.2 crore from major exchange WazirX, but authorities estimate that a total of Rs 70 crore of evasion has been detected.But the DGGI’s action now may set the stage for the first set of precedents on how cryptocurrencies and their services are taxed, reported The Economic Times.Also read: How to mint an NFT on WazirX marketplace"GST on cryptocurrency has been a subject matter of dispute from the taxability and valuation perspective.
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