18% GST on all Bybit fees for Indian users from July 7
GST adds to existing 30% crypto gains tax and 1% TDS
Traders must adjust costs or consider alternatives
Major Cost Hike for Indian Crypto Traders
Starting July 7, 2025, Indian users of Bybit will face a new 18% Goods and Services Tax (GST) on every trading and service fee. This adds to the current tax regime that already includes a 30% tax on crypto gains and 1% TDS (Tax Deducted at Source), significantly increasing the effective cost of trading.
Understanding the Tax Breakdown
30% crypto gains tax: Imposed on profits from buying and selling cryptocurrencies.
1% TDS: Deducted at the point of every transaction, regardless of profit or loss.
New 18% GST: Applied to the fee structure—trading, withdrawal, and other service charges.
This cumulative taxation means traders lose a sizeable portion of fee credits and profits. For example, a ₹1,000 fee would attract ₹180 GST, and with TDS and profit tax considerations, net effective costs rise steeply.
UPDATE: Bybit will charge users in India 18% GST on all trading and service fees starting tomorrow, July 7.
On top of the 30% crypto tax and 1% TDS. pic.twitter.com/mMEsMjcV8l
— Cointelegraph (@Cointelegraph) July 6, 2025
What Traders Should Consider
Recalculate trade break-even points: Include GST when estimating trading costs.
Revise strategies: Focus on higher-volume or longer-term trades to offset the tax burden.
Explore alternatives: Some exchanges may offer lower fees or promotional support to Indian users.
Tax planning: Keep accurate records and consult a tax advisor to manage TDS credits and crypto income.
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