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GST Council to consider 28% GST on Cryptocurrencies in India

Goods and Service Tax (GST) Council is considering 28 % GST on cryptocurrencies and related services.



The Indian government's thought is to bring cryptocurrencies at par with lotteries, casinos, racecourses, and betting.

The GST council has assigned a law committee to take up the proposal to impose 28 % GST on services and all activities related to cryptocurrencies soon.

The proposal is likely to be tabled in the next GST Council meeting, but no decision has been taken on the date yet.

"There are different aspects of cryptocurrencies the transactions involving cryptos, cryptos being used to make purchases, cryptos being received as payments. All these aspects are under examination and will be discussed by the law committee said"

Read full story at: https://cryptounity.news/gst-council-to-consider-28-gst-on-cryptocurrencies-in-india

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