Taxation of cryptocurrency under GST hinges on classification as supply of goods or services, affecting incidence and valuation.
Classification of cryptocurrency dealings as either supply of goods or supply of services determines GST incidence: transfers of crypto may constitute taxable supply (including barter-like exchanges), while mining and platform activities constitute services liable to GST. Valuation is proposed by reference to an INR or freely convertible currency equivalent, and bringing exchanges, miners and wallet providers under GST coverage is urged to address enforcement and cross-border tax treatment. (AI Summary)

Electronic Way Bill compliance requires pre movement digital consignment details and permits re generation in exceptional circumstances.
Electronic Way Bill requires pre movement uploading of consignment and transporter details on the GST portal and issuance of a unique e way bill number; it consists of Part A (consignment and invoice particulars) and Part B (transporter details). Obligations to generate rest with consignor, consignee or transporter as applicable; validity is time and distance based, cancellable within a short window unless verified in transit, and may be re generated in exceptional circumstances by supplying the prior e way bill number with updated Part B. (AI Summary)

Composition levy simplifies GST compliance for eligible small intra state suppliers by permitting concessional tax and quarterly returns.
Composition levy is a voluntary simplified GST regime for eligible small taxpayers determined by aggregate turnover and other conditions, allowing payment of tax at concessional rates while precluding collection of tax from recipients and entitlement to input tax credit. It applies only to specified intra state supplies and all business verticals under the same PAN, requires issuance of a bill of supply with prescribed particulars, and substitutes frequent returns with a quarterly GSTR 4; transitional, registration, switching, and withdrawal procedures and documentation rules govern movement into and out of the scheme. (AI Summary)