Postpone Decision On Crypto GST, Suggests Officers' Committee
NDTV
The officers' committee on GST has suggested the GST Council defer a decision on the cryptocurrency and other virtual digital assets tax
The officers' committee on GST has suggested the GST Council defer a decision on the cryptocurrency and other virtual digital assets tax.
In its report to the GST Council, the Fitment Committee has suggested that a law on cryptocurrency regulation is awaited. Identifying all relevant supplies associated with the crypto-ecosystem would be essential, besides classifying whether they are goods or services.
The committee of officers from the Centre and states, referred to as the Fitment Committee, felt that a deeper study was needed on the issues involved in the crypto ecosystem.
It was decided that Haryana and Karnataka shall study all aspects and submit a paper before the Fitment Committee in due course.
