Reverse charge GST on foreign crypto platforms; here is what industry insiders have to say

The Government of India is mulling over imposing a reverse charge GST on customers using foreign crypto platforms, as previously reported by Business Today.  A Finance Ministry official told Business Today, “If a crypto exchange is based out of India, and is not impacted from GST implication, then the receiver who is based out of India will be liable to pay GST on reverse charge basis. This c…