🚨 GST Crackdown on Crypto Exchanges in India 🇮🇳

Indian GST authorities have exposed a massive tax evasion scheme involving 17 crypto exchanges, including giants like #Binance , CoinDCX, and CoinSwitch. The investigation has revealed a staggering evasion of ₹824.14 crore in GST, with authorities managing to recover ₹122.29 crore so far.

This crackdown highlights the growing scrutiny on the cryptocurrency sector for regulatory compliance. The exchanges involved are now under the microscope, with further actions expected to ensure fiscal responsibility.

The case underscores the complexities of taxing digital assets and the need for clearer regulations in the burgeoning #cryptocurrency market. 📊💰