It’s according to the Indian Business Daily Economic Times (AAR). if it can be paid more than $ 1 billion in taxes from the applicable exchanges. They are taking steps to get clarity on the taxation slab. Like everyone else, they are confused about the Indian Bitcoin Exchange operating margins and taxes applicable on revenue.
It imposes a single indirect tax on all goods and services for the whole country. This service tax has revised India's largest taxation in 2017. This is especially to find exchanges whether they need to pay goods or not. It is planning to contact the authority of (AAR) working to provide clarity on taxation questions to the companies and associations of India's companies and associations in seven major Bitcoin Exchanges of India.
Source - https://www.ccn.com/gst-india-bitcoin-exchanges-pay-1-billion-taxes/
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