VATupdate

The question whether the cryptocurrency is a goods or services have left tax professionals perplexed

If you are bored with the government debate whether cryptocurrency is asset or currency, then now a new debate awaits you. After the recent GST raid on crypto exchanges that trade virtual currencies like bitcoin, there has been a tug of war between the tax department and the crypto industry as to whether cryptocurrency is ‘goods’ or ‘services’.

Source: a2ztaxcorp.com

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