https://www.taxtmi.com/article/detailed?id=9614 GST applicability to cryptocurrency depends on classification: cryptocurrencies are not legal tender or conventional securities, so they may be treated as movable property or intangibles subject to GST. An administrative proposal would treat mining as a supply of services (taxable on rewards and fees), require wallets and exchanges to register and pay tax, treat trading as supply of goods with related services taxable, apply specified place-of-supply rules for domestic transactions, and impose IGST on cross-border supplies. en-us Wed, 06 Jan 2021 12:44:38 +0530 Wed, 06 Jan 2021 12:44:38 +0530 TaxTMI RSS Generator https://www.taxtmi.com/article/detailed?id=9614 GST applicability to cryptocurrency depends on classification: cryptocurrencies are not legal tender or conventional securities, so they may be treated as movable property or intangibles subject to GST. An administrative proposal would treat mining as a supply of services (taxable on rewards and fees), require wallets and exchanges to register and pay tax, treat trading as supply of goods with related services taxable, apply specified place-of-supply rules for domestic transactions, and impose IGST on cross-border supplies. Articles Goods and Services Tax - GST Wed, 06 Jan 2021 12:44:38 +0530 https://www.taxtmi.com/article/detailed?id=9614