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WazirX Fined Rs 49.2 Crore for Tax Evasion Worth Rs 40.5 Crore

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WazirX Fined Rs 49.2 Crore for Tax Evasion Worth Rs 40.5 Crore

The commissioner of GST Mumbai East of Mumbai District detected GST tax evasion worth 4.05 billion rupees on Friday and recovered 492 billion rupees in cash from the cryptocurrency exchange WazirX, which was related to GST escape, interest and fines.

According to the commissioner’s press release, tests were conducted while investigating the business activities of the exchange, which is managed by Zanmai Laboratories, and the cryptocurrency WRX is owned by Seychelles Binance Investment.

According to the press release, the exchange offers traders the option of trading in rupees or WRX. WRX must be purchased from the WazirX platform. Taxpayers charge commissions for every cryptocurrency transaction between buyers and sellers, it said. “However, the commission rates for the two transactions are different. The rupee transaction attracts a commission of 0.2%, while the WRX transaction attracts a commission of 0.1%,” the press release added.

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During the investigation, it was discovered that taxpayers used to collect transaction fees, deposit fees and withdrawal fees from commissions. Taxpayers only pay GST for commissions earned in rupees, but not GST for commissions earned in WRX. An 18% consumption tax applies to these transaction fees. Rupee consumption tax. US$405 million was unpaid and was paid on December 30, together with interest and fines. Total rupees. US$492 million has been recovered from the WazirX site. Further investigation is ongoing.

The above case is part of a special anti-tax evasion campaign launched by CGST Mumbai District, which relies on intensive data mining and data analysis. CGST Mumbai district officials are investigating business transactions related to emerging economic sectors such as e-commerce, online games, and non-fungible tokens to determine areas where tax evasion may be possible.

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While a Punjabi vocalist croons, PM Modi replicates Diljit Dosanjh’s beats and beats the table like a dholak. Observe

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While a Punjabi vocalist croons, PM Modi replicates Diljit Dosanjh’s beats and beats the table like a dholak. Observe

Prime Minister Narendra Modi recently met acclaimed singer- actor Diljit Dosanjh, describing their interaction as “very memorable.” 
Prime Minister Narendra Modi met singer-actor Diljit Dosanjh and lauded him as “a combination of talent and tradition.” During the “memorable’ meeting”, the two discussed music, culture, and India’s vibrancy, including yoga.

Diljit, PM Modi match beats

During the meeting, PM Modi praised Diljit for his achievements, saying, “When a boy from a small village in Hindustan shines on the global stage, it feels amazing. Your family named you Diljit, and you keep on winning people’s hearts, just as your name suggests.”

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Diljit responded, “We used to read that ‘Mera Bharat Mahan’ (My India is great), but when I travelled across India, I realised why people say this.” PM Modi highlighted India’s diversity, saying, “India’s vastness is its strength. We are a vibrant society.”

Diljit added, “The greatest magic in India is yoga.” PM Modi agreed, saying, “Those who have experienced yoga know its power.”

The singer-actor also admired PM Modi’s personal journey, saying, “I had watched your interview, sir. The position of Prime Minister is great, but behind it, there is a mother, a son, and a human being. Many times, this half-truth is much larger when you carry your mother and the sacred Ganga with you. That touches the heart.”

Diljit then sang a song on Guru Nanak, as PM Modi listened intently, beating the adjacent table like a dholak, matching his beats with Diljit’s.

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Diljit, PM Modi express grattitude

After the meeting, Diljit Dosanjh expressed his gratitude, calling it a “fantastic” way to start the year. He posted on X, “A fantastic start to 2025. A very memorable meeting with PM @narendramodi Ji. We talked about many things, including music, of course!”

PM Modi responded to Dosanjh’s post, describing their meeting as “a great interaction.” He said, “A great interaction with Diljit Dosanjh! He’s truly multifaceted, blending talent and tradition. We connected over music, culture, and more.”

Diljit recently concluded his Dil-Luminati tour in India with a grand performance in Ludhiana. Throughout his concerts at various venues, the singer aimed to address important social issues during his performances.

In a lighthearted and endearing moment, Prime Minister Narendra Modi was seen enjoying the beats of a Punjabi vocalist, tapping the table in rhythm like a dholak player during a recent cultural event. The video, which has since gone viral, showcases PM Modi replicating the infectious energy of Diljit Dosanjh’s iconic beats, capturing the essence of Punjabi music’s vibrancy and rhythm.

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The event brought together various cultural performers, with one Punjabi vocalist stealing the spotlight. As the singer crooned traditional Punjabi tunes, PM Modi, seated among other dignitaries, began enthusiastically tapping the table in sync with the music. His gestures resembled a seasoned dholak player, displaying his spontaneous connection with the pulsating beats.

The audience present erupted in applause, cheering on the Prime Minister’s engaging participation. Social media users were equally charmed, with many praising Modi’s ability to connect with the cultural diversity of India. “Modi Ji has the rhythm of a true Punjabi!” one user commented, while another said, “This is the energy we love to see in our leader.”

The moment also highlighted PM Modi’s commitment to celebrating India’s rich cultural heritage. His natural enjoyment of the performance reflects his appreciation for the art and music that unify the diverse communities of India.

Such lighthearted and relatable gestures from leaders often resonate deeply with the public, making them feel connected on a personal level.

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#PMModi #DiljitDosanjhBeats #PunjabiMusicVibes #CulturalCelebration #DholakBeats #IndiaUnity #MusicConnects #ViralMoment #PMModiInAction #PunjabiHeritage

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