Opinion on GST rate for cryptocurrency transactions in India 2022
During a survey conducted in 2022, around 60 percent of the respondents in India supported 28 percent or higher goods and services tax (GST) on cryptocurrencies. The GST council is reportedly considering a 28 percent tax on cryptocurrencies. In the event of tax approval, it will be in addition to the 30 percent income tax on earnings from crypto-asset transactions.