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Indian Government Working on How GST Tax Could Be Applied to Crypto
22.9.2022
India’s ministry of finance is reportedly working on how the goods and services tax (GST) could apply to crypto transactions. “A better understanding of how cryptocurrencies fit into our legal system is the prerequisite for the decision on the GST rate,” a source told local...
Crypto Services Likely to Receive 28% GST in India: GST Council
9.5.2022
It seems the world countries are trying to exploit the demand for cryptocurrencies moving away from their previous hostile curbing attitude. While quick regulations on digital assets are underway, India’s Goods Service Tax Council suggested a 28% GST on crypto-based services. Should the bill...
India Considers 18% GST on Bitcoin Transactions
29.12.2020
The Indian government is reportedly mulling over imposing an 18% goods and services tax (GST) on bitcoin transactions. According to the Central Economic Intelligence Bureau, the government could gain Rs 7,200 crore annually from this bitcoin taxation. 18% GST on Bitcoin Trades The Central Economic...