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Cryptocurrency exchanges may be classified as e-commerce platforms

Crypto exchanges proposed to be classified into 3 categories; may have to register under GST

Topics
ecommerce | cryptocurrency | digital currency

Nikunj Ohri  |  New Delhi 



Photo: Bloomberg
Photo: Bloomberg

The government is looking at classifying exchanges as e-commerce platforms and imposing 1 per cent tax collected at source on them under the goods and services tax (GST) regime. The planned move is aimed at monitoring virtual currency transactions if the government decides to regulate the space.

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First Published: Wed, November 17 2021. 06:03 IST

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