RBI’s auto debit rule could cause tax woes for fintech startups
Due to RBI’s new auto debit rules, fintech startups run the risk of attracting a 2% equalisation levy as well as additional GST at 18% on part of the money they make through such an arrangement, especially in the case of OTT subscriptions.
The one true legacy of Bitcoin that everyone might one day be thankful forChina’s ban highlights how some govts see cryptos as a threat. Other govts too are pressing to regulate cryptocurrencies and related speculative financial products. They also pose financial risks, especially to naïve retail investors. But this is not to say that cryptocurrencies have not generated any real benefits.
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