Post
Topic
Board India
Re: Is GST applicable for BTC to INR conversion?
by
Be Like Bro
on 09/10/2017, 11:19:45 UTC
It comes under software business, so Modi will definetely make GST for Bitcoin too. I think it would be 18% tax, but still I am not sure.

I already had GST for offline business and they made arise from 5% to 18%.

On localbitcoins.com also we need to pay 7 to 9% as some said yesterday here in this forums and the GST might applied.
How about for Paypal? if they have GST for Paypal then yes for Bitcoin too or no.

c'mon, unocoin have registered their company to GST and here's  their IGST number: 29AABCU8112D1ZI. But they're charging about 0.2% as tax and 1% as fees. So i think, there's no government tax for bitcoin in India yet as RBI only warns the bitcoin users not yet regulated.