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11 crypto exchanges found to be evading Rs 81.54 cr in GST, says govt

WazirX, Coin DCX and CoinSwitch Kuber among companies under investigation, Parliament is told

Goods and services tax, gst

Shrimi Choudhary New Delhi
The Centre has recovered around Rs 95.86 crore from at least 11 crypto exchanges for evading goods and services tax (GST), according to data released by Parliament on Monday.

The amount includes interest and penalty.

The GST investigation department has detected a total tax evasion of Rs 81.54 crore by crypto exchanges that include WazirX, Coin DCX, CoinSwitch Kuber, Buy Ucoin, UnoCoin and Flitpay, among other exchanges.

In a written reply to Lok Sabha, minister of state (MoS) for finance Pankaj Chaudhary said 11 cases of GST evasion by cryptocurrency exchanges have been detected by central GST formations.

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First Published: Mar 28 2022 | 2:27 PM IST

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