India’s Directorate General of GST Intelligence reportedly raided major cryptocurrency exchanges Saturday. Their offices were searched and “massive goods and services tax evasion has been detected by DGGI.”India’s Directorate General of GST Intelligence reportedly raided major cryptocurrency exchanges across the country Saturday. Citing official sources, ANI news agency detailed:
According to the sources, the authorities are investigating Coinswitch Kuber , Coindcx , Buyucoin , and Unocoin . The crackdown has uncovered tax evasion worth about Rs 70 crore , the publication conveyed.
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They should work with these platforms and not ban them.
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Excellent. Taxation is an archaic and inefficient form of raising public funds anyway, wrought with fraud and corruption.
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