BREAKING: Bybit users in India face triple tax squeeze — 18% GST joins 30% tax + 1% TDS from July 7

Starting July 7, Bybit will charge Indian users an 18% GST on all trading and service fees—this covers spot, margin, and derivatives trading, fiat transactions, withdrawals, staking, and more. This GST is in addition to the existing 30% crypto tax on profits and 1% TDS on each transaction. The new rule increases the total cost for Indian crypto traders and may discourage some users from trading on the platform.