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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.

Complete News Source : Gadgets360

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$92.8 million

Akshay Kumar wishes director Priyadarshan on birthday with Bhooth Bangla BTS pic: ‘Surrounded by ghosts…

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Akshay Kumar wishes director Priyadarshan on birthday with Bhooth Bangla BTS pic: ‘Surrounded by ghosts…

Akshay Kumar and Priyadarshan, the acclaimed Indian director, celebrated their 68th birthday on Instagram. Kumar, who has worked with Priyadarshan on several cult comedies of the early 2000s, wished him a happy birthday and called him a mentor. The duo is now back together for their upcoming horror-comedy, Bhooth Bangla.

The first poster of the movie has been released, and it is expected to hit theaters in 2025. Akshay Kumar wore a black fedora and a green jacket, layered over a black tee, and fans have expressed their excitement for their new movie.

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The duo’s dynamic and deep bonding have been praised by fans, who have expressed high anticipation for their new movie. The first poster of Bhooth Bangla has already been released, and the movie is expected to hit theaters in 2025.

Akshay Kumar, the versatile Bollywood actor, recently celebrated director Priyadarshan’s birthday by sharing a behind-the-scenes (BTS) photograph from their upcoming film, “Bhooth Bangla.” In the image, Akshay humorously captioned, “Surrounded by ghosts…” The photo features Akshay alongside Priyadarshan and co-actor Paresh Rawal, all dressed in traditional attire, with a black cat perched on Akshay’s shoulder, adding a whimsical touch to the scene.

Reunion After 14 Years

This collaboration marks a significant reunion between Akshay Kumar and Priyadarshan, who last worked together on the film “Bhool Bhulaiyaa” in 2007. Their partnership has been celebrated in the past for delivering successful comedies like “Hera Pheri” and “Garam Masala.” Fans have eagerly anticipated their return to the big screen together, and “Bhooth Bangla” promises to be a delightful addition to their repertoire.

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About ‘Bhooth Bangla’

“Bhooth Bangla” is a horror-comedy that blends elements of suspense with humor, a genre in which both Akshay Kumar and Priyadarshan have excelled. The film is produced by Balaji Telefilms Ltd in association with Cape of Good Films. The motion poster released earlier this year features Akshay Kumar in a suit, with a cat on his shoulder, licking milk slyly, setting the tone for the film’s intriguing and humorous premise.

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Anticipation and Fan Reactions

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The BTS photo shared by Akshay Kumar has generated excitement among fans, who are eager to see the trio back together on screen. The playful caption and the presence of the black cat suggest that “Bhooth Bangla” will offer a mix of thrills and laughs, staying true to the successful formula of their previous collaborations.

As the release date for “Bhooth Bangla be a significant highlight in the upcoming entertainment lineup. The reunion of Akshay Kumar, Priyadarshan, and Paresh Rawal, combined with the intriguing premise and the playful BTS moments, has set high expectations among audiences. Fans can look forward to a cinematic experience that promises both chills and chuckles.

For a visual glimpse into the making of “Bhooth Bangla,” you can watch the following video Akshay Kumar expressed his gratitude as they once again united for their upcoming movie Bhooth Bangla. This marks a new chapter in their long-standing collaboration since the 2000s. He shared a picture from behind the scenes of their new movie, where it seems like they are laughing about something.

Akshay wrote,”Happy Birthday, Priyan Sir! What better way to celebrate than by spending the day on a haunted set, surrounded by ghosts…both real and unpaid extras? Thank you for being a mentor, and the only person who can make chaos look like a masterpiece. May your day be filled with fewer retakes. Wishing you a fantastic year ahead!”

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