Tuesday, August 17, 2021

Double tax for NFTs: Deals may attract GST, equalisation levy

This would mean that any NFT bought could become dearer by a few percentage points. The tax department is set to slap a 2% equalisation levy on these transactions. Also, the indirect tax department would seek that the exchanges pay GST on the transaction value, say insiders.

from Personal Finance News-Wealth-Economic Times https://ift.tt/3smCSOW

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