Cryptocurrency Q&A
How much GST is payable on currency exchange?
How much GST is payable on currency exchange?
TaegeukChampionCourage
Thu Jan 23 2025
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7
answers
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I'm trying to figure out the amount of Goods and Services Tax (GST) that I need to pay when it comes to currency exchange. I want to know how much GST is applicable in this situation.
7 answers
ShintoMystical
Sat Jan 25 2025
The transaction fee for currency exchange is set at 1% of the gross amount exchanged.
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Nicola
Fri Jan 24 2025
On top of this fixed fee, a further 0.1% of the gross amount exchanged is charged.
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Tommaso
Fri Jan 24 2025
However, this additional charge is capped at a maximum of INR 60,001.
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Martino
Fri Jan 24 2025
This fee is subject to a minimum charge of INR 251.
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SakuraBloom
Fri Jan 24 2025
Consequently, the minimum Goods and Services Tax (GST) payable is INR 41.
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