News From Press Govt working on classification of cryptocurrency under GST law

Govt working on classification of cryptocurrency under GST law

Source: Mint Mar 21, 2022

The Centre is considering on classification of cryptocurrency under the GST law so that tax can be levied on the entire value of the transaction. At present, 18% Goods and Services Tax (GST) is levied only on services provided by crypto exchanges and is categorised as financial services.

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