Ankur Gupta, a practice leader in charge of indirect taxes at accounting firm SW India told CNBC-TV18 said that “…the imposition of 28 percent GST and 30 percent direct tax, would surely bleed out the majority of the profits which people have earned over a period of time when these cryptos are materialised.”
Link – https://coingeek.com/india-to-impose-28-tax-on-digital-currency-transactions-report/