cryptohunter
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In India, when you use digital wallets or prepaid cards, there's a tax called GST that applies to certain charges and fees set by the companies providing these services. So, when you see transaction fees or maintenance charges, part of that includes GST.
The companies offering these electronic money services have to follow GST rules. This means they need to report to the government regularly, keep good records, and stick to the GST guidelines.
Just keep in mind that these tax rules might change, so it's smart for businesses and users in digital finance to stay updated on any new GST regulations to make sure they're following the right tax rules.
The companies offering these electronic money services have to follow GST rules. This means they need to report to the government regularly, keep good records, and stick to the GST guidelines.
Just keep in mind that these tax rules might change, so it's smart for businesses and users in digital finance to stay updated on any new GST regulations to make sure they're following the right tax rules.
