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GST on Cryptocurrency
Regulation News

India Considering 18% GST on Cryptocurrency Trading Retroactively from July 2017

The Indian government is considering levying 18% GST on cryptocurrency trading that would put virtual currencies under intangible goods category. This proposal might get applied retroactively from July 1, 2017, when GST came into action. Cryptocurrency might get classified as intangible goods with 18% GST As reported by Bloomberg’s Indian division, BloombergQuint, India is considering

The Indian government is considering levying 18% GST on cryptocurrency trading that would put virtual currencies under intangible goods category. This proposal might get applied retroactively from July 1, 2017, when GST came into action. Cryptocurrency might get classified as intangible goods with 18% GST As reported by Bloomberg’s Indian division, BloombergQuint, India is considering