A major change from the first day of the new financial year i.e. April 1, 2022 is the tax on cryptocurrencies. In the Budget 2022-23, Finance Minister Nirmala Sitharaman had announced a 30 percent tax on all virtual digital assets or crypto assets. Under this, if the...
Now cryptocurrencies can also be brought under the purview of GST. The government is working on classifying cryptocurrencies as goods or services under the GST law to tax the entire value of transactions. At present, only services provided by crypto exchanges attract...
In India, cryptocurrencies have become a rage. The country is said to have the second-highest adoption rate. The spurt has caught the government’s attention, and according to media reports, the government is mulling taxing blockchain ecosystems, which include...
