GST – DIGIT INFO

Binance Hit With $87 Million Tax Bill in India

DIGIT — Tue, 06 Aug 2024 15:16:23 +0000

Global crypto exchange Binance has received a goods and services tax (GST) bill of Rs 722 crore ($87 million) in India for non-compliance with the country’s tax regulations. This is the first instance of a cryptocurrency firm facing such scrutiny in India. A source claimed that Binance earned over Rs 4,000 crore from transaction fees […]

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India Considers Imposing 28% GST on All Crypto Transactions: Report

DIGIT — Tue, 10 May 2022 06:30:57 +0000

The Indian government is reportedly considering imposing a 28% goods and services tax (GST) on all crypto transactions. “Currently tax is levied only on the part of the services provided by crypto exchanges. Subjecting the whole transaction to tax at a higher slab of 28% could give the markets a free fall,” one tax expert […]

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STEPN move-to-earn tokens GMT, GST hit new highs after Coinbase listing announcement

DIGIT — Thu, 28 Apr 2022 14:45:00 +0000

Strong hype around the move-to-earn sector helps GMT price establish a new record high.

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Indian Crypto Industry Seeks Tax Clarity in Union Budget 2022-23

DIGIT — Mon, 10 Jan 2022 04:30:16 +0000

An Indian industry association has written to the country’s finance minister seeking clarity on cryptocurrency taxation in Union Budget 2022-23. “The budget should ideally offer coherent rules on direct taxation and the GST Council should detail the applicability of taxation, else there will be confusion.” Industry Wants Clarity in Crypto Tax Laws in Union Budget […]

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Indian Authorities Raid Cryptocurrency Exchanges for Tax Evasion

DIGIT — Sat, 01 Jan 2022 15:30:25 +0000

India’s Directorate General of GST Intelligence (DGGI) reportedly raided major cryptocurrency exchanges Saturday. Their offices were searched and “massive goods and services tax (GST) evasion has been detected by DGGI.” Tax Authorities Say Cryptocurrency Exchanges Have Been Evading GST Tax India’s Directorate General of GST Intelligence (DGGI) reportedly raided major cryptocurrency exchanges across the country […]

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The Crypto Economy’s Biggest 12-Month Gainers Outshined Bitcoin and Ethereum by a Long Shot

DIGIT — Sat, 14 Aug 2021 15:00:39 +0000

2021 has been an incredible year for bitcoin, ethereum, and a great number of the world’s most popular digital assets. While bitcoin has gained around 300% during the last 12 months and ethereum has risen by 630%, a large swathe of crypto assets saw much larger gains. 12-Month Stats Show a Slew of Relatively Unknown […]

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PR: Gaming Platform Game Stars Launches Token Sale. Hurry up and Get 30% Bonus

DIGIT — Tue, 15 May 2018 17:30:44 +0000

On a par with Bitcoin, new currencies are entering the crypto world. Recently multifunctional gaming platform Game Stars have closed a pre-sale stage with complete sold-out of GST tokens and over 51 ETH and 57 BTC raised. The platform and the token caused a lot of buzz in the blockchain market. Moreover, gaming world show great interest for the project – cyber athletes are willing to join the platform.

The post PR: Gaming Platform Game Stars Launches Token Sale. Hurry up and Get 30% Bonus appeared first on Bitcoin News.

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Indians Confused Over Crypto Taxation – Exchanges Ask Government to Clarify

DIGIT — Sat, 06 Jan 2018 17:35:54 +0000

The Indian government has been cracking down on cryptocurrency-related tax evasion. While the tax authority has notified crypto exchanges and wealthy traders that they must pay taxes, no clear guidelines have been provided. Indians are confused about how cryptocurrencies are taxed and seven bitcoin exchanges are asking the regulators for clarification. Also read: Russian Regulators Draft […]

The post Indians Confused Over Crypto Taxation – Exchanges Ask Government to Clarify appeared first on Bitcoin News.

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