Go to OpenBudgetsIndia

Taxing Crypto Trade

How is the Indian government planning on taxing cryptocurrency trade? The very premise of cryptocurrency is that transactions are peer-to-peer, autonomous and do not incur any fee.

As per reports in July 2021, the Indian government may levy a 18% GST on transactions on foreign cryptocurrency exchanges. In addition, 2% equalisation levy on transactions with foreign crypto exchanges may also be levied provided the Global deal allows for continuation of the equalisation levy.