Overview

• Indian tax authorities issued a notice to Binance for $86 million in unpaid Goods and Services Tax (GST).
• The dispute involves fees collected from Indian customers between June 2017 and March 2024.
• Binance has challenged the notice but is cooperating with the investigation.
• The company has faced similar tax issues in other countries, including Nigeria.
• This is the first time an international crypto exchange has received a GST notice in India.