GST on Bitcoin? Cryptocurrency trade may get taxed 18%: Report

It seems that the Modi government's distrust of cryptocurrencies is surpassed only by its keenness to tax that gravy boat. Last April, the RBI had directed banks to wrap up all dealings with virtual currency players within three months. But before that, in February, the Income Tax Department had issued about one lakh notices to people who had invested in cryptocurrencies like Bitcoin wit…