Happy Bitcoin Pizza Day+ Indian Govt Crypto Tax
π₯³ Happy Bitcoin Pizza Day !
It all started 11 years ago on 22nd May 2010 when a guy named Laszlo Hanyecz posted in the Bitcointalk forum his plan to buy 2 Pizzas by exchanging the 10,000 Bitcoin he got from his mining activities. 4 days after posting his proposal, Laszlo gave an update on a successful trading transaction of 10,000 bitcoins for pizza, along with photos. That 10,000 Bitcoin cost $292,000,000 today.
βͺοΈLaszlo Post https://bitcointalk.org/index.php?topic=137.0
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π India Gov Finalizing βReverse Chargeβ Tax on Foreign Crypto Exchanges !
Indian government finalizing a "reverse charge" on citizens using foreign crypto platforms, a source told Business Today TV.
That means if a crypto exchange is based out of India, and is not impacted by GST implication, then the receiver who is based in India will be liable to pay GST on a reverse charge basis.
βͺοΈFull News: https://beincrypto.com/india-mulls-reverse-charge-tax-on-foreign-crypto-platforms/
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