Is gst applicable for bitcoin to inr conversion?

332 views 1 replies

There are two ways I can do it...

1. Bitcoin sold directly to another person wihin India against NEFT/IMPS. It is like selling digital goods on OLX.

2. Bitcoin sold at a Japanese exchange, where bitcoin has a legal status, and convert JPY to INR through bank transfer. It is like Forex.

Please note that, in either case, total volume will be far less than INR 20 Lakh/year.

Replies (1)

Bitcoin Mostly Imported Under HS Code 84718000,85437099 and hence GST @ 18% is applicable.

However, if the transaction is through online seller like zebpay, 18% GST applicable on 0.2% transaction fee charged by Zebpay.

Leave a Reply

Your are not logged in . Please login to post replies

Click here to Login / Register  

Company
10 June 2026
Senior Account Executive

JDS Advisory LLP

Ahmedabad

CA Inter

View Details
Company
29 May 2026
Finance Head

Bhawar Sales Corporation

Chennai

Graduate (Any)

View Details
Company
ARTICLESHIP 20 June 2026
Articleship

RB KESHRI & CO

Mumbai

B.Com

View Details
Company
24 June 2026
Chartered Accountant

CA Darshita Shah & Co

Nadiad

CA

View Details
Company
19 June 2026
Accounts Executive

Getfive Advisors Pvt. Ltd.

Ahmedabad

CA Inter

View Details
Company
12 June 2026
Accounts & Taxation Executive

Winshine Financial Services

Mumbai

CA Inter

View Details
Company
Featured 28 May 2026
SEMI QUALIFIED/ CA DROPOUTS/ ARTICLES

T R SOOD & CO

New Delhi

CA Inter

View Details
Company
09 June 2026
Accounts Associate

S Madan and CO

New Delhi

Graduate (Any)

View Details