Bybit to Charge 18% GST on India Trading Fees

• 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.

What Traders Should Consider

1. Recalculate trade break-even points: Include GST when estimating trading costs.
2. Revise strategies: Focus on higher-volume or longer-term trades to offset the tax burden.
3. Explore alternatives: Some exchanges may offer lower fees or promotional support to Indian users.
4. Tax planning: Keep accurate records and consult a tax advisor to manage TDS credits and crypto income.

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