India Seeks 18% Tax On Cryptocurrency Sales In Potential Legitimacy Push

India is considering applying a tax to cryptocurrency trading in a move which could mark a step towards its legitimacy in the country. Crypto Could Become &#8216;Intangible Goods&#8217; According to Bloomberg quoting anonymous sources May 23rd, the government’s Central Board of Indirect Taxes and Customs is working on proposals to treat crypto transactions as an exchange of “intangible goods” &#8211; making them eligible for goods and services tax (GST) of 18 percent. According to the<br />Read More<br />The post India Seeks 18% Tax On Cryptocurrency Sales In Potential Legitimacy Push appeared first on Bitcoinist.com.

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