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India mulls a 28% tax for crypto services: CNBC-TV18

India’s Goods and Services Tax (GST) Council is weighing a proposal to impose a 28% tax on all cryptocurrency transactions, according to a report by CNBC-TV18 on Monday. “The proposal is to levy 28 percent GST on services and all activities related to cryptocurrencies soon,” a source familiar with the issue told CNBC-TV18. The matter remains under discussion by a “law committee” working for the council. If passed, the new tax would increase the overall tax burden for the cryptocurrency …