GST Council mulling 28% tax on Bitcoin, other cryptocurrencies

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desiman
GST Council mulling 28% tax on Bitcoin, other cryptocurrencies


https://m.economictimes.com/news/economy/policy...

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Deal Captain Deal Captain
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It should be at least 100%, still too cheap.

Cool Cool
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Cody wrote:

It should be at least 100%, still too cheap.

Cody bhai u should be the next FM of India

Pro Shopping Friend Pro Shopping Friend
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Cody wrote:

It should be at least 100%, still too cheap.

Yup they should so that no-one buys them.

Crowdpuller Crowdpuller
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GOI is considering bringing crypto currency under GST which may attract additional 28% tax. If imposed crypto seller will have to pay 30% tax + 28% GST + 1% TDS out of their profit. Do share your thoughts on this.

Crowdpuller Crowdpuller
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But they won’t bring fuel under gst

Mobile Guru Mobile Guru
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There are two ways to succeed in business

1. Be better than competitors

2. Eliminate the competition (Unethical ways)

PS: Digital Rupee is coming sooooon 



Crowdpuller Crowdpuller
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getready wrote:

There are two ways to succeed in business

1. Be better than competitors

2. Eliminate the competition (Unethical ways)

PS: Digital Rupee is coming sooooon 



Digital Rupee is backed by RBI and controlled by GOI. No use.

Mobile Guru Mobile Guru
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MisterTea wrote:

Digital Rupee is backed by RBI and controlled by GOI. No use.

This doesn’t concern sakari babus (they only rely on jumlas). 
Back in Nov 2020, Aliexpress got banned for end-users but Alibaba remained operational (Sellers bulk purchased items from china and sold it to us for 2x/3x profit)
Again in Feb this year, govt banned import of drones ( except for R&D, defence and security purposes) and this means DJI wrapped up its local drone business. Do we have any local alternative? No!

Deal Captain Deal Captain
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getready wrote:

This doesn’t concern sakari babus (they only rely on jumlas). 
Back in Nov 2020, Aliexpress got banned for end-users but Alibaba remained operational (Sellers bulk purchased items from china and sold it to us for 2x/3x profit)
Again in Feb this year, govt banned import of drones ( except for R&D, defence and security purposes) and this means DJI wrapped up its local drone business. Do we have any local alternative? No!

Patanjali is the local alternative.

Banning just keep yourself away from the development.

Cool Cool
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getready wrote:

There are two ways to succeed in business

1. Be better than competitors

2. Eliminate the competition (Unethical ways)

PS: Digital Rupee is coming sooooon 



Local fruits veggies vendors saying this that note currency will be out and all will be online ie digital currency

Mobile Guru Mobile Guru
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desiman wrote:

Local fruits veggies vendors saying this that note currency will be out and all will be online ie digital currency

They must’ve got the info from the whatsapp experts 😄

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