Impasse on GST levy for cryptocurrency & virtual digital assets still continues

The impasse on GST levy for cryptocurrency and virtual digital assets continues as tax authorities are likely to seek more time to come up with the right proposal regarding the appropriate tax treatment for the sector, sources told CNBC-TV18. In the last GST Council meeting held in October, the task was handed over to the Tax Research Unit under CBIC, and the council had asked them to prepare a re…