Recently, bloomberg and some other cryptocurrency media channel published a news that they have information from the sources in indian govt. that government is planning to apply 18% GST on bitcoin purchasing.
it means people are still buying and trading on cryptocurrencies in india and it is in knowledge of indian govt.
so the govt. is now wants earn from the bitcoin buy sell,
another point of concern is that if the govt. apply the GST on bitcoin buying then to the indian people it would be paying double tax while trading, once when they are buying and later when selling as incometax,
so what do you think, being hard on cryptocurrency trading, now govt. looking for taxation on buying of cryptocurrencies, is it possible in coming time gov. may lift the ban on cryptocurrencies in india?
Will in this information that we heard thats there is a big possibility thats indian government will uplift the band period of cryptocurrency on there country,because they thinks now,thats doing crypto is good for the people of india,and its great oppurtunity thats indian people would doing great investment and paying tax through digital currency investment,and this application of GST of the government,to the people of india is there way to proposed a proper income tax.