https://www.taxtmi.com/forum/issue?id=117747 Whether receipts from an initial coin offering (ICO) attract GST hinges on the characterisation of crypto tokens and regulatory uncertainty. Contributors advance three positions: no GST due to legal vagueness; GST as a service under the inclusive definition covering money conversion; or GST as arising from treatment of tokens as goods. Difficulties arise in fitting ICO proceeds into the clause on use or conversion of money because cryptocurrencies are not currently treated as money, leaving GST applicability unresolved without clearer statutory guidance. en-us Tue, 04 Jan 2022 18:17:39 +0530 Thu, 23 Jan 2025 15:54:23 +0530 TaxTMI RSS Generator https://www.taxtmi.com/forum/issue?id=117747 Whether receipts from an initial coin offering (ICO) attract GST hinges on the characterisation of crypto tokens and regulatory uncertainty. Contributors advance three positions: no GST due to legal vagueness; GST as a service under the inclusive definition covering money conversion; or GST as arising from treatment of tokens as goods. Difficulties arise in fitting ICO proceeds into the clause on use or conversion of money because cryptocurrencies are not currently treated as money, leaving GST applicability unresolved without clearer statutory guidance. Discussion-Forum GST Tue, 04 Jan 2022 18:17:39 +0530 https://www.taxtmi.com/forum/issue?id=117747