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India's August GST Collections Hide Crypto Profits

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BTC
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India's August GST collections reached ₹1.99 lakh crore, an increase of 14.8% year over year.

The gross revenue includes both domestic and import-related tax revenues.

Import GST jumped by 29%, reaching ₹62,604 crore, while domestic revenue rose 9.3% to ₹1.37 lakh crore.

BTC ended August near $78,553, but the GST data cannot determine whether any of these profits came from crypto gains.

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