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Bybit GST Shock: India Slaps 18% Tax on Crypto Trades—What Traders Must Know
Bybit GST Shock: India Slaps 18% Tax on Crypto Trades—What Traders Must Know
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Indian crypto traders just got a gut punch from the taxman. Bybit users now face an 18% GST levy on every transaction—no loopholes, no exceptions.
Here's the breakdown:
• Every buy/sell/trade now carries an 18% surcharge
• No distinction between assets or trade volume
• Applies to all Indian users effective immediately
Market watchers call it a 'brutal but predictable' move from a government that still can't decide if crypto is illegal or just taxable. Traders are scrambling to calculate the damage—that 18% bites harder than a bear market.
Silver lining? At least the taxman finally acknowledges crypto exists. Progress, Indian bureaucracy-style.
Popular crypto exchange Bybit has announced it will start charging 18% Goods and Services Tax for Indian users from July 7, 2025. It is in accordance with the Indian Tax System. This will apply to nearly all crypto services on the platform. It... Read More
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