GST effect on Crypto

This query is : Resolved

Raj Jairam (Querist)
Follow

21 December 2020 Dear Sir/Madam,
Please suggest following queries:
GST on CRYPTO (BITCOIN) TRADING and ICO:

1. What's on impact of GST
2. Income from Bitcoin (Crypto) is Taxable or Exempt from GST
3. Incase if Taxable , on which things need to pay.
i) Tax on profit (Sales- Purchase= Profit)
ii) On what I received in Bank.
4. HSN /SAC Code of Crypto

Thanks

Aashok Kumar Sharma

Aashok Kumar Sharma (Expert)
Follow

27 December 2020 https://taxguru.in/goods-and-service-tax/indirect-tax-applicability-cryptocurrency-classification-taxability-virtual-currency-bitcoins.html

https://taxguru.in/goods-and-service-tax/cryptocurrency-history-considerations-taxation-india.html

You need to be the querist or approved CAclub expert to take part in this query .
Click here to login now

Summarize this with AI

ChatGPT Perplexity Claude Google AI Grok