Crypto Tax India Update: Bybit Imposes 18% GST on All Transactions From July 7
2025-07-05 11:27:45
Main Idea
Bybit will implement an 18% Goods and Services Tax (GST) on crypto transactions for Indian users starting July 7, 2025, and will discontinue some legacy products.
Key Points
1. Bybit will apply an 18% GST on spot and margin trading, fiat transactions, withdrawals, and staking services for Indian users.
2. The GST will be directly deducted from the assets received, and users can view the GST amount in their transaction history.
3. Over 310,000 active Indian users will be affected by the new tax, increasing the cost of crypto trading.
4. Bybit will also terminate some legacy products and services from July 9, 2025.
5. India introduced strict crypto taxation in 2022, including a 30% capital gains tax and 1% TDS on transactions.
Description
The post Crypto Tax India Update: Bybit Imposes 18% GST on All Transactions From July 7 appeared first on Coinpedia Fintech News Bybit, a global cryptocurrency exchange, recently announced that it will be applying 18% Goods and Services Tax (GST) for Indian crypto users, starting from July 7, 2025. The GST amount will be directly deducted from the assets received. Moreover, the exchange also put an end to legacy products and services. Bybit Introduces an 18% GST on Crypto in India Under the new ...
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