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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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YouTube marks 20th anniversary by launching new useful features What’s new

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YouTube marks 20th anniversary by launching new useful features What’s new

YouTube has celebrated its 20th anniversary with several new features, including functional upgrades and new features for YouTube TV. The platform has introduced personalised radio stations via Ask Music, which is available to YouTube Premium and YouTube Music users on both iOS and Android devices. Additionally, YouTube is rolling out the ability to fast-forward.

YouTube TV members will gain the ability to build their own multiview experiences, starting with a selection of non-sports content from a small group of popular channels. The platform is introducing improved navigation, better playback quality, and easier access to features such as comments, channel information, and more through videos at 4x speed, providing more.

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  1. Delete Unnecessary Emails: Regularly clearing unwanted emails helps maintain storage. Open Gmail in your browser or mobile device, go to your Inbox, Social, or Spam folder, filter messages, select emails to delete or check the box to select all emails in the folder, and click the “Delete” button. The emails will be moved to the Trash folder Empty Your Spam and Trash Folders: If deleted emails remain in your Trash.
  2. Unsubscribe from Unwanted Emails: Open a promotional email and click “Unsubscribe” at the bottom of the email to reduce future accumulation April 2025 — YouTube, the world’s largest video-sharing platform, is celebrating its 20th anniversary with the launch of several innovative features aimed at enhancing user experience, empowering creators, and embracing the future of digital content.

  3. 1. AI-Powered Video Summaries
    One of the most anticipated features is AI-generated video summaries, which will now appear below eligible videos. This allows viewers to preview content quickly and decide whether to watch the full video. The summaries are automatically created using advanced natural language processing and are designed to boost discoverability and engagement.

  4. 2. “Jump Ahead” Smart Chapters
    YouTube is introducing smart chapters with “Jump Ahead” capabilities, allowing viewers to skip to the most engaging parts of videos based on audience retention data. The feature leverages machine learning to identify sections that retain viewers the most and gives users a prompt to “Jump Ahead” with a single tap.

  5. 3. Creator Insights Dashboard Upgrade
    For content creators, YouTube has upgraded its Creator Studio Dashboard with enhanced real-time analytics, audience mood tracking, and AI-suggested titles and tags. The platform’s algorithms now offer dynamic suggestions for improving performance, personalized for each creator’s channel and content style.

  6. 4. YouTube Create App Expansion
    Following positive feedback from beta users, YouTube is officially rolling out the YouTube Create app in over 30 new countries. This free mobile video editing tool includes features like auto-captions, royalty-free music, filters, and multi-clip editing — giving creators more control without the need for expensive software.

  7. 5. Enhanced Live Shopping Tools
    With e-commerce booming, YouTube is expanding its Live Shopping tools, allowing creators to tag mini-social network within the platform. These tools are products, integrate affiliate links, and host shoppable livestreams with real-time viewer interaction. The new update supports multi-vendor support, making collaborations with brands smoother and more profitable.

  8. 6. Smart TV Upgrades
    YouTube is giving its TV interface a refresh, introducing a sleeker design with quicker access to playlists, subscriptions, and smart recommendations. A new “Ambient Mode interactive content suggestions and previews when the app is idle, turning the TV into a dynamic home hub for entertainment.

  9. 7. Community Tab Enhancements
    To improve engagement, YouTube is enhancing its Community Tab with interactive stickers, polls, countdowns, and quizzes — turning it into a mini-social network within the platform. These tools are aimed at helping creators keep their audience involved even between video uploads.
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  1. Construction, Infrastructure and Mining   
  2. General News Platforms – IHTLive.com
  3. Entertainment News Platforms – https://anyflix.in/

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