Govt working on classification of cryptocurrency under GST law

The government is working on classification of cryptocurrency as goods or services under the  GST  law, so that tax can be levied on the entire value of transactions.  Currently, 18 per cent Goods and Services Tax (GST) is levied only on service provided by crypto exchanges and is categorised as financial services.  GST officers are of the view that cryptos, by nature, are simi…