After imposing 30% crypto tax and 1% TDS, Indian govt working on to bring crypto under the ambit Of GST
Image Credit: Financial express
While the Indian government has already imposed 1% TDS on crypto transactions and 30% tax on income from crypto, the GST Council is now working on classifying cryptocurrency as goods or services to bring it under the ambit of the Goods and Services Tax (GST) law; in turn, planning to levy on the entire value of transactions.