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According to Forkast, India’s Central Board of Indirect Taxes & Customs (CBIC), responsible for policy formulation and collection of indirect taxes like the goods and services tax (GST), has asked major cryptocurrency exchanges to provide details on the type of digital coins and tokens being traded and their valuation.<br />The information will help CBIC determine how to impose GST on the nascent asset class, local media Business Standard reported, quoting an unnamed senior official.<br />CBIC has also sought details like transaction fees as well as information on different crypto products, according to the report.

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【India seeks info from crypto exchanges as it mulls GST on asset class】According to Forkast, India’s Central Board of Indirect Taxes & Customs (CBIC), responsible for policy formulation and collection of indirect taxes like the goods and services tax (GST), has asked major cryptocurrency exchanges to provide details on the type of digital coins and tokens being traded and their valuation.
The information will help CBIC determine how to impose GST on the nascent asset class, local media Business Standard reported, quoting an unnamed senior official.
CBIC has also sought details like transaction fees as well as information on different crypto products, according to the report.

India seeks info from crypto exchanges as it mulls GST on asset class

Disclaimer：The content above does not represent HTX's positions.，HTX does not provide any trading recommendations.。

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