Officers Committee recommends delaying the decision on crypto GST.

GST Council recommends decision on cryptocurrency and virtual digital assets tax be delayed . Fitment Committee reported that a bill on cryptocurrency regulation is awaited .

New Delhi, Dec. 1: The GST Council has recommended that a decision on the cryptocurrency and other virtual digital assets tax be delayed.In its report to the GST Council, the Fitment Committee reported that a bill on cryptocurrency regulation is awaited.The Committee of Officers from the Centre and states, the Fitment Committee, decided that a deeper analysis of the issues involved in the crypto ecosystem was required, including their nature, whether those activities are goods or services, and their applicable rate.In addition, it was agreed that Haryana and Karnataka would submit a paper to the Fitment Committee in due course.