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Govt may tax overseas crypto exchanges Want this newsletter delievered to your inbox? SUBSCRIBE Thank you for subscribing to Morning Dispatch We ll soon meet in your inbox. / Morning Dispatch 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. Also in this letter: WazirX preparing response to ED notice UPI breaks records in June 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.

United arab emiratesPrem watsaKetan patelManish patelNischal shettySameer hanuman mhatreNarendra modiPrakash sikariaNischal shettytoldNarcotics control bureauForeign exchange management actNational payments corporation of indiaJaspal centrum groupCompetition commission of indiaNational electronic toll collectionImmediate payment service