Indian government: Crypto companies such as Binance and WazirX are evading taxes

PANews reported on December 4 that according to Cointelegraph, the Indian government has found that major crypto exchanges including Binance and WazirX owe a large amount of goods and services tax (GST). Pankaj Chaudhary, Minister of State for the Indian Ministry of Finance, said that the government has found that several cryptocurrency exchanges owe 82.4 billion rupees (972 million U.S. dollars) in goods and services tax, involving 17 companies.

Authorities have reportedly launched several related investigations into cryptocurrency exchanges, including WazirX, CoinDCX and CoinSwitch Kuber, a few months after Indian law enforcement agencies demanded Binance pay 72.2 billion rupees ($850 million) in back taxes in August.