Binance Has Challenged India's $86M Tax Show Cause Notice

Binance, the world's largest cryptocurrency exchange, has "challenged" a nearly $86 million tax show cause notice from India's Directorate General of Goods and Services Tax Intelligence (DGGI), a person directly involved with the matter told CoinDesk. DGGI's chapter from the western city of Ahmedabad issued the show cause notice to Binance last week for collecting fees from Indian customers trading on its platform, the person said. The DGGI is a body entrusted with the task of “collection, collation and dissemination of intelligence relating to evasion of indirect tax.”

Check out the hashd app. It gives you important crypto news and updates in short, simple and easy to read slides. Amazing!

iOS: https://links.hashd.co/ios

Android: https://links.hashd.co/android