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RE: India: 18% GST May Be Levied On Cryptocurrencies

in #india • 7 years ago

Haha! If they are making crypto trading illegal from 6th July then why they are even thinking to impose GST on it. Government is confused af. :-D Different departments are not even in sync with each other. Still hoping that we are not doomed.

7 years ago in #india by
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     7 years ago 

    Crypto is not illegal after 6th. Crypto is neither illegal nor legal and that status hasn't changed.

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       7 years ago 

      Okayy @firepower. So it's like that banks cannot support exchanges after that day, that's it?
      I had one other doubt in my mind. How to showcase your earnings in ITR once your start using P2P exchanges to convert BTC to INR?

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         7 years ago 

        Yeah that's right.

        For p2p, best to check with your auditor what is the suitable course of action for you.