India Considers Imposing 28% GST on All Crypto Transactions: Report

India Considers Imposing 28% GST on All Crypto Transactions: Report


The Indian government is reportedly considering imposing a 28% goods and services tax (GST) on all crypto transactions. “Currently tax is levied only on the part of the services provided by crypto exchanges. Subjecting the whole transaction to tax at a higher slab of 28% could give the markets a free fall,” one tax expert warned.

Council Mulls Over 28% GST on Crypto Transactions

India’s Goods and Services Tax (GST) Council will soon make a decision on whether to expand the scope of applicable transactions and levy a 28% GST on all services and activities related to cryptocurrencies, CNBC TV18 reported Monday.

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The GST Council is the apex decision-making body chaired by the country’s finance minister. The council has nominated its law committee to form

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