Cryptocurrency Q&A
How much GST is payable on currency exchange?
How much GST is payable on currency exchange?
TaegeukChampionCourage
Thu Jan 23 2025
|
7 answers
1604
I'm trying to figure out the amount of Goods and Services Tax (GST) that I need to pay when it comes to currency exchange. I want to know how much GST is applicable in this situation.
7 answers
ShintoMystical
Sat Jan 25 2025
The transaction fee for currency exchange is set at 1% of the gross amount exchanged.
Was this helpful?
54
73
Nicola
Fri Jan 24 2025
On top of this fixed fee, a further 0.1% of the gross amount exchanged is charged.
Was this helpful?
225
83
Tommaso
Fri Jan 24 2025
However, this additional charge is capped at a maximum of INR 60,001.
Was this helpful?
325
70
Martino
Fri Jan 24 2025
This fee is subject to a minimum charge of INR 251.
Was this helpful?
285
57
SakuraBloom
Fri Jan 24 2025
Consequently, the minimum Goods and Services Tax (GST) payable is INR 41.
Was this helpful?
307
93
Load 5 more related questions
