Will GST Will Effect ON BITCOIN RATES OR USE AFTER BITCOIN APPROVAL IN INDIA?

[rsarkar]

Yes,By a recent coindesk post: http://www.coindesk.com/report-indian-government-considers-tax-bitcoin-purchases/
Consider 18% or more on bitcoin purchases.

[niisarearning]

Recently i have done transaction like transferring fund to bank where i payed 1% fee + 18% GST on Transaction fee where  GST also we have to pay behalf of exchanges. 

[onrise]

I think if govt official announce the legality of bitcoin in India along with say 18% GST , this will actually boost the market in India. Many are currently waiting for the government clarification on their stand before they can actually start purchasing for the investment or making use of bitcoin for buying their stuff.