Industry Body for Indian Startups Seeks Crypto Rules in Coming Budget Session of Parliament

Industry Body for Indian Startups Seeks Crypto Rules in Coming Budget Session of Parliament


The group’s recommendations include granting cryptocurrencies recognition as digital assets, enabling provisions in the Direct Tax laws, and that indirect tax (GST or Goods and Services Tax) should be levied only on the platform fees of the exchanges, on the brokerage or exchange fees (like it happens in stock markets) and not on the transaction value.”

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