Even for Indian cryptocurrency exchanges, there is still no clarity about the applicability of goods and services tax (GST), such as the tax rate.

Summary

Foreign cryptocurrency exchanges with a customer base in India may have to pay additional taxes in the form of Goods and Services Tax (GST) as their services are covered by the OIDAR rules. according to experts.

Mumbai: According to experts, overseas cryptocurrency exchanges that have a customer base in India may have to pay additional taxes in the form of goods and services taxes (GST). The Indirect Tax Department is looking into whether these exchanges in India will have to pay GST if they offer certain “data” services that fall under the definition of Indian law, people aware of the trend told ET. Under Indian tax law, almost everyone is

BY

AND office

Jul 02, 2021 06:01 AM IS

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