⚠️ 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!

#Write2Earn #altcoins #crypto #BinanceSquare