Ethereum World News
2022-05-09 12:05:43

Crypto Transactions in India Could Face Additional Tax of 28% Under GST

Cryptocurrencies in India may receive an additional 28% Goods and Services Tax, bracketed in the same group as betting and lotteries. Crypto transactions already face a 30% tax on gains and 1% tax deducted at source. The country is taking to blockchain tech, with its oldest depository, NSDL, using the technology for bonds. After years of vacillating, India — in recent times — has a very clear-cut stance on the cryptomarket: it can exist, but only with strict taxation and […]

Get Crypto Newsletter
Read the Disclaimer : All content provided herein our website, hyperlinked sites, associated applications, forums, blogs, social media accounts and other platforms (“Site”) is for your general information only, procured from third party sources. We make no warranties of any kind in relation to our content, including but not limited to accuracy and updatedness. No part of the content that we provide constitutes financial advice, legal advice or any other form of advice meant for your specific reliance for any purpose. Any use or reliance on our content is solely at your own risk and discretion. You should conduct your own research, review, analyse and verify our content before relying on them. Trading is a highly risky activity that can lead to major losses, please therefore consult your financial advisor before making any decision. No content on our Site is meant to be a solicitation or offer.