After levying a 30% income tax on profits earned from cryptocurrency trading – the Indian government is now reportedly mulling imposing a 28% Goods and Service Tax (GST) on digital assets.
According to the CNBCTV18 report, the government wishes to bring cryptocurrencies like Bitcoin (CRYPTO: BTC), Ethereum (CRYPTO: ETH), and Dogecoin (CRYPTO: DOGE) at par with lottery, casinos, and betting.
Indian government’s apex body for GST has nominated a law committee to take up the proposal to levy 28% GST on services and all activities related to cryptocurrencies soon, according to the report. The …
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