⚠️ Big Blow to Indian Crypto Traders: 18% GST on Bybit Starts July 7!
💰 Bybit will now charge 18% GST on all trading & service fees for Indian users from July 7, 2025.
This is in addition to:
✅ 30% income tax on crypto gains
✅ 1% TDS on every trade
😰 Now: +18% GST on fees
💡 What Does This Mean?
• GST is applied only on the fees, not the full trade value.
✅ Example: If your fee = ₹100, you now pay ₹118.
• This affects services like:
🔹 Spot & Derivatives trading
🔹 Fiat purchases via UPI/card
🔹 Withdrawals & conversions
🔹 Staking, P2P, bots, and more
🛑 Also: Some services are shutting down!
• Bybit is removing crypto loans, bots, and cards for Indian users in July to stay compliant.
📉 Crypto Traders React:
“With 30% tax, 1% TDS, and now GST… are we even allowed to trade in peace?”
“Decentralized exchanges looking better every day!”
📍 Stay informed, track your fees, and rethink your strategy.
Adapt or get taxed out!