Losing sheen.Proposal for clear GST structure for cryptos likely to be on the backburner

As cryptos lose sheen and exchanges shut shop, a proposal for a detailed and clearer structure for applicability of Goods and Services Tax (GST) on the currency is likely to be put on the backburner.  According to the Tax Department, commissions paid to the operator or an exchange providing a platform for transaction in cryptos is chargeable under GST. Similarly, in the case of exchanges that…