India's Goods and Service Tax (GST) Council is likely to introduce a 28% GST on all crypto transactions. This news has been a major shocker for crypto enthusiasts in the country. This GST might supposedly be levied on all activities and services related to cryptocurrency. The...
GST takes the place of experience points and in-app money. Users that walk, jog, or run outside while wearing NFT Sneakers can receive GST. Players purchase GSTs to spend or burn in the STEPN app. The STEPN team hopes to achieve a breakthrough by merging social and communal features into their product, allowing active lifestyle enthusiasts to profit from their enthusiasm for running....
Cryptocurrencies in India may receive an additional 28% Goods and Services Tax, bracketed in the same group as betting and lotteries. Crypto transactions already face a 30% tax on gains and 1% tax deducted at source. The country is taking to blockchain tech, with its oldest depository, NSDL, using the technology for bonds. After years of vacillating, India — in recent times —...
We’re thrilled to announce that Kraken now supports Gari Network (GARI), STEPN (GMT), Green Satoshi Token (GST), Marinade SOL (mSOL) and Samoyedcoin (SAMO)! Funding and Trading Funding is live, and trading will begin on April 29 at approximately 18:30 UTC. Keep an eye on the… The post Trading for GARI, GMT, GST, mSOL and...
GST replaces experience points and in-app cash. Users wearing NFT Sneakers can earn GST by walking, jogging, or running outside. GSTs are bought by players to spend or burn in the STEPN app. GSTs are earned by players by moving and leasing their NFT Sneakers, and they are expended by progressing through the social and gamification elements. On the in-app Marketplace, players can...
The Indian government had accused 11 crypto exchanges, including WazirX, CoinDCX, CoinSwitch Kuber, of tax evasion, said Minister of State for Finance Pankaj Chaudhary in a written...
Foreign crypto exchanges offering their service to Indian customers might have to pay additional tax, as per a report in The Economic Times. The Indian Tax authority is exploring the tax bracket that many foreign cryptocurrency exchanges may fall into depending on their service offerings in the country. At present foreign exchanges don't pay any The post Big Setback For Foreign Crypto Exchanges...
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