Govt mulls 18% GST on trading of cryptocurrencies: Reports
The Indian government may levy Goods and Services Tax (GST) at the rate of 18% on cryptocurrency trading, according to reports. The government can also consider levying GST on crypto trading retrospectively from July 1, 2017, reports added. Notably, the RBI in April barred lenders from dealing with entities trading in cryptocurrencies, giving them three months to unwind business.