Auto Added by WPeMatico

Indian Government Working on How GST Tax Could Be Applied to Crypto

India’s ministry of finance is reportedly working on how the goods and services tax (GST) could apply to crypto transactions. “A better understanding of how cryptocurrencies fit into our legal…

Continue ReadingIndian Government Working on How GST Tax Could Be Applied to Crypto

India Considers Imposing 28% GST on All Crypto Transactions: Report

The Indian government is reportedly considering imposing a 28% goods and services tax (GST) on all crypto transactions. “Currently tax is levied only on the part of the services provided…

Continue ReadingIndia Considers Imposing 28% GST on All Crypto Transactions: Report

IMF Official: Regulating Crypto Assets Is High on the Agenda for India

A director at the International Monetary Fund (IMF) says that crypto regulation is “certainly high on the agenda” for India. “We are trying to come up with global standards for…

Continue ReadingIMF Official: Regulating Crypto Assets Is High on the Agenda for India

India’s Crypto Trading Volume Plummets as New Tax Rules Enter Into Force

Crypto trading volumes in India have plummeted following the new tax law entering into force. The new rules impose a 30% flat tax on crypto income and do not allow…

Continue ReadingIndia’s Crypto Trading Volume Plummets as New Tax Rules Enter Into Force