Post
Topic
Board India
Re: Taxability of Bitcoin: A deeper look
by
newIndia
on 16/05/2019, 23:07:49 UTC
Quote
Remember, if the total volume is over 20L INR, you need GST registration.

Only if Business Receipts/Turnover is above 20L, right? GST and Income Tax are two separate domains. Last year my total income did exceed 20L but I smartly distributed it among 5 heads of income and income under 44ADA was lower than 20L. I showed excess as Capital Gains and Other Incomes. Hence I was free from the burden of GST.

What do you mean by distributed it among 5 heads of income? Do you mean you showed it under 5 different PAN?