How will GST be taxed on transactions involving exchange of Digital Currencies like Bitcoin?
And what will happen when I convert Bitcoins to INR?
And also will GST be applicable eventhough I am doing this Not for a Furtherance of Biz (just personal hobby)
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GST on Bitcoin Transactions
Replies (1)
Income generated by trading in bitcoin as taxed under income tax.
Presently no clarity on GST part but if govt. treat this cripto currency as software, tax rate of 18% may be charged on the same.
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