The 'GST on Crypto transactions' (transfer of VDA) is: MCQ with Answer and Explanation

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The 'GST on Crypto transactions' (transfer of VDA) is:

A. 18% on services, and classification of VDA as goods/services being debated; treated as goods, 18% GST on margin? Presently GST is levied at 18% on the value of supply.

B. 5%

C. 28%

D. Exempt

Answer: Option A

Solution (By JKExamLibrary)

GST on cryptocurrency transactions is generally 18% on the service/value.

This question belongs to: Accountancy and Statistics Accountancy and Book Keeping

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The 'Fair Value Measurement' (Ind AS 113) defines fair value as:

A. Replacement cost

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A 'Master Budget' is a summary of:

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Purchase returns (returns outward) are recorded in this subsidiary book.

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