LIABLE FOR GST REGISTRATION OR NOT

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This query is : Resolved

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This discussion explores whether selling EPTs (Earning Points) related to blockchain technology online constitutes a taxable supply under GST. While initially unclear, the consensus reached is that these transactions are not considered a supply as defined by the GST Act, and therefore, GST registration is likely not required.

PADARTI SUBBA RAO

PADARTI SUBBA RAO (Querist)
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15 June 2021 Sir, Please clarify this doubt?
One of my relative buy EPT (Earning Points) in online and sells the same EPT in online with small profit percentage. This EPT'S are related to Block Chain Technology. For example If I want to join a group in online first of all I Buy some EPT and then after joining the group some EPT'S are added to my account. This EPT'S are saleable in online with small profit percentage. All Transactions are done by online. What is GST Effect / Impact in this transaction i.e. whether he is liable to get GST Registration or not. If Yes, whether it a GOODS or SERVICE.