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Govt may tax overseas crypto exchanges


Govt may tax overseas crypto exchanges
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When Indian banks began denying services to local
cryptocurrency exchanges a few months ago, many investors shifted to overseas platforms. Now we’ve learnt that the department of indirect taxes is looking into whether these exchanges may be required to pay
GST if they have customers in India.
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Overseas crypto exchanges could face 18% GST
Overseas cryptocurrency exchanges that have customers in India may soon have to pay GST, according to experts. Almost all exchanges based outside India currently do not pay the tax, ET has learnt. ....

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