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Ethereum World News 2022-05-09 12:05:43

Crypto Transactions in India Could Face Additional Tax of 28% Under GST

Cryptocurrencies in India may receive an additional 28% Goods and Services Tax, bracketed in the same group as betting and lotteries. Crypto transactions already face a 30% tax on gains and 1% tax deducted at source. The country is taking to blockchain tech, with its oldest depository, NSDL, using the technology for bonds. After years of vacillating, India — in recent times — has a very clear-cut stance on the cryptomarket: it can exist, but only with strict taxation and […]

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