Binance faces a significant GST demand of Rs. 772 crore ($92 million) from India’s Directorate General of GST Intelligence (DGGI). This notice highlights increased scrutiny of crypto operations in India. The demand relates to funds allegedly transferred by Binance to a foreign entity, totaling Rs. 4,000 crore. This is reportedly the first GST notice issued to a crypto exchange in India, marking a new phase in regulatory oversight. Binance has yet to respond officially, and recent regulatory actions, including fines from other entities, underscore the importance of compliance for crypto exchanges.