Indian govt. may impose tax on crypto

[leoliln45]

18% tax on cryptocurrencies really would be alot man, it's good that they are accepts cryptocurrencies but the main thing is 18% tax will be alot to pay

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[goldminecrypto]

I think they will be successful. Already many country has imposed tax on exchanges on cryptocurrency. But the threat to this is, the central government will get all the information about you, without even letting you know.

[kevinfox18]

Paying tax means, you money is legal. In the event that they are burdening bitcoin, at that point it implies that they are remembering it as a legitimate thing. I imagine that is a decent improvement for bitcoin and other digital money. Despite the fact that that is terrible for the workers in light of the fact that their wage will be diminish and the administration can build that duty whenever they need.

[Wuddly]

If the Indians decide to use the services of foreign crypto-exchange exchanges, such transactions will be treated as import of services and subject to an integrated tax on goods and services (IGST).