🧾 Key Highlights from the Announcement:

• Platform Affected: Bybit (a popular global crypto exchange)

• New Policy: Indian users will be charged 18% GST on all crypto-related services, including:

• Spot trading

• Futures trading

• Copy trading

• Exchange fees or commissions

• Tax Enforcement Basis: This move aligns with India’s VDA (Virtual Digital Assets) regulations and GST laws, specifically targeting import of online services by Indian residents from overseas platforms.

💡 What This Means for You:

✅ GST Will Be Charged on Service Fees

• Example: If Bybit charges you $100 in fees for trading, $18 (₹1,500+) will be added as GST.

• This does not apply to the amount you trade, only the service fee portion.

📍 This Is in Addition To:

Tax Type Rate Applies To

Capital Gains Tax 30% On profit from crypto trades

TDS (Tax Deducted at Source) 1% On every sale of crypto

GST (New) 18% On service/trading fees charged by the platform

🔥 Why This Is Significant:

India is now among the top 3 countries globally with the highest total crypto tax burden.

Country Capital Gains Tax TDS/Transaction Tax GST/VAT on Services Notes

🇮🇳 India 30% 1% TDS 18% GST Heaviest combined tax load

🇺🇸 USA Up to 20% None Some states apply tax No TDS

🇸🇬 Singapore 0% 0% 0% Crypto-friendly

🇦🇪 UAE 0% 0% 0% Tax-free for most

🧠 Strategic Tips:

• Track all fees separately – GST will show up as a separate charge in invoices/bills on Bybit.

• Stay compliant – Not paying GST on foreign services could trigger enforcement under FEMA or RBI’s crypto rules.

• Consider trading volume – High-frequency traders will be affected the most by the cumulative tax (1% TDS + 18% GST + 30% gains tax).

• Explore local vs. offshore – Indian platforms already charge GST; now foreign platforms like Bybit will too.

#india #IndiaCrypto #IndiaCryptoTax #CryptoNewss #bybit

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