Central Government decision to impose GST on Cripto currency transactions

Central Government decision to impose GST on Cripto currency transactions

The india Goodwillers shared the information that the Government of India decided to impose the cargo and service tax on the Crypto Trading Service. If the GST is imposed on the crippled currency, it will have to pay taxes up to 18 per cent

The Government of India has repeatedly advised the public that it has not been officially banned and is not legally banned from using the crypto currency trading.......

Indian banking companies have banned trading credit cards such as bitcoin, using credit and debit cards

But if the federal government taxes the Crypto currency, it means that it allows legally trading.

The Income Tax Department has also issued a notice to Crypto Currency Traders asking them to pay the tax. If a job is taxed on the Crypto currency from all sides then the Indians will get a profit margin

Buying or selling crypto currencies can be taxed as per the exchange of transactions and transferring to others. Foreign Borrowers will be forced to pay the Indian Bitcoin investors to pay the IGST.