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Goods and Services Tax

Binance protests $86M tax bill for unauthorized operations in India
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7 August, 2024

Binance protests $86M tax bill for unauthorized operations in India

India's Directorate General of GST Intelligence unit has issued a show cause notice to Binance demanding a GST payment of...
India tax regulator seeks info from digital asset exchanges as it considers imposing GST: report
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5 November, 2022

India tax regulator seeks info from digital asset exchanges as it considers imposing GST: report

Other information sought by the CBIC includes the transaction fees charged by exchanges and details of other services rendered, like...
India to impose 28% tax on digital currency transactions: report
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13 May, 2022

India to impose 28% tax on digital currency transactions: report

India is weighing a 28% Goods and Service Tax (GST) for digital asset transactions, just a month after imposing a...
India digital currency exchanges likely to be classified as e-commerce platforms
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26 November, 2021

India digital currency exchanges likely to be classified as e-commerce platforms

The government’s decision would mean that while digital currency would be accepted as virtual currency, buying and selling would be...
India gov’t proposes 2 new taxes despite pending digital currency ban
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19 February, 2021

India gov’t proposes 2 new taxes despite pending digital currency ban

The measures would apply from the 2020-21 tax year, and are expected to be brought in by a circular, according...