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CRYPTO GST
Choosing a crypto exchange in India? Read this firstWith fees, security and ease of use all up for scrutiny, WazirX makes a strong case for being the everyday trader’s go-to platform in India...- Parliamentary panel expresses concern over investments in cryptocurrenciesA parliamentary panel has expressed alarm over thousands of crores invested in virtual digital assets. The committee is studying global app...
- Apple CEO Tim Cook steps down; HCLTech Q4 reportAfter 15 years at the helm of Apple, Tim Cook will step down to make way for insider John Ternus. This and more in today's ETtech Top 5.
- ED attaches Rs 907 crore, arrests 3 in relation to money laundering by crypto exchangesMinister of State for Finance Pankaj Chaudhary said Central GST officers have detected Goods and Services Tax (GST) evasion worth ₹87.60 cr...
- Will the levy of GST be the last nail in the coffin for cryptocurrencies in India?Under the GST law, ‘goods’ inter alia means every kind of movable property other than ‘money’ and ‘securities’.
- Officers committee suggests deferment of decision on levying GST on cryptoThe committee of officers comprising both from Centre and states, referred to as Fitment Committee, felt that a deeper study was needed on ...
- Crypto industry enraged over mounting taxes as govt mulls 28% GSTAccording to the media reports, services such as crypto mining, with sales and purchases, are likely to attract the 28 per cent GST if the ...
- GST Council mulling 28% tax on Bitcoin, other cryptocurrenciesThe services such as crypto mining along with sales and purchases are likely to attract the 28 per cent GST if the proposal goes through in...
- Eleven Indian crypto exchanges evaded Rs 81.5 cr GST, government saysChaudhary said while the government does not collect any data on cryptocurrency exchanges, a few “cases of evasion of Goods and Services Ta...
- Get crypto-clear, GST clarity can followGoI, keen to encourage fintech innovation, must give proper legal backing to cryptos and let RBI regulate them. A clear GST framework can f...
- Tax on digital assets could go up, govt mulling GST on crypto mining, supplyThe issue is being examined internally at CBIC and a proposal will be taken to the GST Council, CBIC chairman Vivek Johri said.
- View: Will cryptos be goods or money under GST framework?Given that cryptocurrencies can arguably meet the criterion of being 'moveable property', they could well qualify as 'goods' under the Cent...
- Budget 2022-23: Crypto startups seek tax clarity, fintech firms want sopsThe cryptocurrency space, which has been in the spotlight over the past year, has been suffering due to the lack of regulations and clarity...
- Budget to decide if crypto investment is business incomeInvestors would be made to calculate actual returns on their crypto assets, every time they sell it, and pay tax on that.
- Startup grouping IndiaTech writes to FM, seeks crypto tax rules in BudgetIn the letter, IndiaTech has appealed to the government to tweak existing tax laws to include crypto assets, and sought clarity on the meth...
- Crypto platforms lack clarity on tax provisions: IndustryAfter the Goods and Services Department, which slapped a ₹40 crore GST demand on crypto exchange WazirX last month, the Directorate General...
- India’s cryptocurrency platforms lack clarity on tax provisions: IndustryThe anomalies in goods and services tax (GST) calculation for cryptocurrency platforms is due to the confusion over tax applicable on diffe...
- GST probe may set precedent for crypto taxationLegal experts have long debated on the categorization - and tax treatment - of cryptocurrencies. They are yet to converge on whether a cryp...
- DGGI cracks down on Cryptocurrency exchanges across country, Rs 70 crore tax evasion detected"The DGGI is investigating Coinswitch Kuber by M/s Bitcipher Labs LLP, CoinDCX by M/s Neblio Technologies PVT. LTD., BuyUCoin by M/S I Bloc...
- Before crypto ban, taxman comes calling for their shareGST on exchanges and income tax on investors’ returns could wipe out all gains, say experts
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