https://www.taxtmi.com/article/detailed?id=9838 Whether GST applies to cryptocurrencies depends on classification as goods, services, money, or intangible asset; cryptocurrencies are not recognised as currency by the Reserve Bank and thus are unlikely to be treated as money. If classified as goods or as services/intangible assets, transactions-including mining, trading and facilitating activities-would be taxable under residual commodity or generic service entries, with valuation to be determined in rupee terms or equivalent foreign currency and place-of-supply and registration rules applying to domestic and cross-border transactions. en-us Fri, 11 Jun 2021 10:10:47 +0530 Fri, 11 Jun 2021 10:10:47 +0530 TaxTMI RSS Generator https://www.taxtmi.com/article/detailed?id=9838 Whether GST applies to cryptocurrencies depends on classification as goods, services, money, or intangible asset; cryptocurrencies are not recognised as currency by the Reserve Bank and thus are unlikely to be treated as money. If classified as goods or as services/intangible assets, transactions-including mining, trading and facilitating activities-would be taxable under residual commodity or generic service entries, with valuation to be determined in rupee terms or equivalent foreign currency and place-of-supply and registration rules applying to domestic and cross-border transactions. Articles Goods and Services Tax - GST Fri, 11 Jun 2021 10:10:47 +0530 https://www.taxtmi.com/article/detailed?id=9838