Cryptocurrency conundrum! GST Council mulls imposing heavy tax: Report2 min read . Updated: 10 May 2022, 11:23 AM IST
According to reports the 28 per cent GST will be in addition to the 30 per cent income tax on earnings from crypto asset transactions
In what could further spoil the mood of crypto investors in the country, the goods and services tax (GST) Council is likely to consider imposing 28 per cent tax on cryptocurrencies. The proposal is likely to be tabled in the next GST Council meeting.
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