DGCI sends Rs 722 crore GST notice to Binance
The Ahmedabad unit of DGGI issued a show cause notice to Binance, demanding Rs 722 crore under GST. This move aimed at regulating virtual currency market. Binance allegedly collected fees from Indian customers and did not register under the Indian GST framework. Binance previously faced a Rs 18 crore penalty for AML non-compliance.
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Aug 6, 2024
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The Ahmedabad unit of DGGI issued a show cause notice to Binance, demanding Rs 722 crore under GST. This move aimed at regulating virtual currency market. Binance allegedly collected fees from Indian customers and did not register under the Indian GST framework. Binance previously faced a Rs 18 crore penalty for AML non-compliance.
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