Cryptocurrency Q&A
Does crypto attract GST?
Does crypto attract GST?
henry_miller_astronomer
Tue Dec 03 2024
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6
answers
1462
I'm wondering if cryptocurrency transactions are subject to GST. I need to know whether buying or selling crypto will attract any goods and services tax in my country.
6 answers
CryptoQueen
Wed Dec 04 2024
The Central Board of Indirect Taxes and Customs (CBIC) has provided a crucial clarification.
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KiteFlyer
Wed Dec 04 2024
When cryptocurrencies are exchanged for fiat currency, such transactions will attract GST.
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Valentina
Wed Dec 04 2024
Similarly, the exchange of cryptocurrencies for other goods and services will also be subject to GST.
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Sara
Wed Dec 04 2024
According to the CBIC, cryptocurrencies are not regarded as currency.
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SamuraiBrave
Wed Dec 04 2024
Instead, they are classified as goods or services.
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