The govt do not store data related to crypto exchanges, says MoS finance
In a written reply, Pankaj Chaudhary, minister of state for finance informed Parliament that some cases of GST evasion has been detected by agencies. It has recovered approximately Rs 96 cr including penalty & interest
Others were Zeb IT Services, Secure Bitcoin Traders, Giottus Technologies, Awlencan Innovations India (Zebpay) and Discidium Internet Labs, according to the finance ministry.
In a written reply to Lok Sabha, Minister of State for Finance Pankaj Chaudhary said 11 cases of evasion of GST by cryptocurrency exchanges have been detected by Central GST formations.
Evasion of Rs 81.54 crore was detected and Rs 95.86 crore was recovered (including interest and penalty), he said.
As per the reply, Rs 49.18 crore was recovered from Zanmai Labs (WAZIRX), Rs 17.1 crore from Coin DCX, and Rs 16.07 crore from CoinSwitch Kuber.