As per the article published on bloomberg, India may levy Goods and Services Tax on cryptocurrency trading, according to people with direct knowledge of the matter, even as theres lack of clarity about their legal status in the country.
The government may levy an 18 percent GST.
Cryptocurrencies could be classified as intangible goods on a par with software, they said, adding that its use in illegal activities would have to be dealt with under other laws.
India is making bitcoin legal nor illegal government cannot directly make bitcoin as legal it affects banks etc on other side they cannot make bitcoin as illegal.So they have to support on both sides.So the government announce GST on cryptocurrency and thus people could do trading etc and this will not affect anything.