Govt working on classification of cryptocurrency under GST law

GST officers are of the view that cryptos, by nature, are similar to lottery, casinos, betting, gambling, horse racing, which have 28 per cent of GST on the entire value. Besides, GST at 3 per cent is levied on the entire transaction value in case of gold.

from Economy-News-Economic Times https://ift.tt/rKE8pco
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