- India’s ministry of finance is reportedly working on how the goods and services tax (GST) could apply to crypto transactions.
- The GST will only be applicable on the margin or service fees, and not on the entire value of the asset, the publication conveyed, adding that the government is also examining the treatment of certain transactions, like mining or airdropped crypto tokens.
- An Indian ministerial panel reportedly met at the end of June to discuss the GST tax on crypto transactions.
Indian Government Working on How GST Tax Could Be Applied to Crypto
