Wherever you go, damn it..GST for crypto..Congress to issue report soon !!

The GST Council is set to meet in Chandigarh next week to decide whether or not to impose GST on cryptocurrency on the imposition of Goods and Services Tax (GST) on cryptocurrency.

According to Bloomberg, the GST Council will meet on June 28 and 29. This is an announcement that will further aggravate the mood of crypto investors. This is because the council is said to be keeping the tax on digital tokens under a maximum of 28 per cent.

Meanwhile, according to recent questions from the Central Board of Direct Taxes (CBDT) yesterday, the 1 per cent DTS to convert cryptocurrency introduced in the 2022 budget will come into effect from July 1.

Layer taxes are levied on crypto investments and transactions as the Board of Taxes is responsible for obtaining DTS from customers.

Thus the most vulnerable are the crypto investors. Meanwhile, the GST Council has also announced that such an announcement will greatly affect the mood of investors.

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