Crypto wallets and exchanges raided in India

Crypto wallet and exchange are platforms where merchants and consumers can transact with digital assets like bitcoin, ethereum, ripple, etc. They are providing facilitation intermediary services for buying and selling of crypto coins. In fact, these services attract a GST rate of duty of 18 per cent, but all of them have been evading the taxes.
Around half a dozen offices of Cryptocurrency Service providers have been searched and massive Goods and Service Tax (GST) evasion has been detected by DGGI. According to sources, around 70 crore worth of tax evasion has been detected during the crackdown.  As per the claim made by one such exchange, CoinDCX, their crypto app allows buying of bitcoin and other cryptocurrencies instantly in India and has more than 7.5 million users and more than one crore downloads with $7 billion cryptos purchased.