What is crypto and how does it work?

What is Crypto? Cryptocurrencies are digital tokens that use cryptography for their creation and security. Bitcoin was the first, but thousands more have come. In the past few years, thousands of new cryptocurrencies have appeared, all claiming to offer something a little different.

What is GST token?

GST is an inflationary token with no defined maximum supply and with a total supply of 10,000,000 coins distributed as follows: 30% to Move & Earn. As of April 2022, there are 3,597,242.47 $GST in circulation. Once used, the GST token is automatically burned to reduce the supply.

Is GST applicable on supply of cryptocurrency?

GST on Supply of Cryptocurrency, NFT, VDA - Learn by Quicko Definition of goods under GST covers crypto and thus GST is applicable on sale of cryptocurrency, NFT and virtual digital assets (VDA) ToolsBlogBytesTax Q&AGet Started Quicko >Income Tax >Income Tax on Crypto, NFT & VDA GST on Supply of Cryptocurrency, NFT, VDA (Virtual Digital Asset)

Are sellers of digital currency entitled to a GST credit?

However, depending on their individual circumstances, sellers of digital currency may be entitled to a full GST credit (if they are under a financial acquisitions threshold) or a reduced GST credit in relation to the commission charged by the CrytoP2P.