Close Menu
  • Crypto News
  • Markets
  • Bitcoin
  • Ethereum
  • XRP
  • Altcoins
  • Technology
  • More
    • Crypto Prices – Latest from BTC, ETH & XRP
    • NFT
    • DeFi

Subscribe to Updates

Get the latest crypto news and updates directly to your inbox.

Trending

Michael Saylor Issues Bullish Bitcoin Chart

July 8, 2025

Ethereum OG Moves $2.2 Million in ‘Genesis Coins’ After 10 Years HODLing

July 8, 2025

Injective Sees Highest Activity Since 2023 — What’s Driving the Network’s Revival?

July 8, 2025

Russia’s biggest state-backed bank sees no use for CBDC, so why push ahead anyway?

July 8, 2025

Rango Exchange Joins zkSync Partner Hub to Advance Cross-Chain DeFi Access

July 8, 2025
Facebook X (Twitter) Instagram
  • Advertise
en English
nl Nederlandsen Englishfr Françaisde Deutschit Italianoru Русскийes Españolzh-CN 简体中文hi हिन्दीja 日本語
Crypto Observer
  • Crypto News

    Bitcoin Heating Up? NVT Golden Cross Hints At Potential Local Top

    July 8, 2025

    Shiba Inu Price Could See 180% Explosion As This Indicator Flashes Bullish Divergence

    July 7, 2025

    Russia Wants to Eliminate Tax Dodgers in Bitcoin Mining: Report

    July 7, 2025

    Bitcoin’s Liquidity Lifeline Just Got Cut—What You Need To Know

    July 7, 2025

    Chinese Regulators Raise Alarm on Illicit Stablecoin Activity

    July 7, 2025
  • Markets
  • Bitcoin
  • Ethereum
  • XRP
  • Altcoins
  • Technology
  • More
    • Crypto Prices – Latest from BTC, ETH & XRP
    • NFT
    • DeFi
Facebook X (Twitter) Instagram
Crypto Observer
Home » Bitcoin » Bybit adds 18% GST for Indian users amid broader India crypto tax crackdown
Bitcoin

Bybit adds 18% GST for Indian users amid broader India crypto tax crackdown

Crypto Observer StaffBy Crypto Observer StaffJuly 7, 2025No Comments2 Mins Read
Facebook Twitter Pinterest Reddit Telegram Email LinkedIn Tumblr
Share
Facebook Twitter LinkedIn Pinterest Email

Bybit has begun applying an 18% GST on service and trading fees for Indian users starting July 7, further intensifying the country’s already heavy crypto tax burden.

Starting today, Bybit will apply an 18% Goods and Services Tax on service and trading fees for all Indian users, according to the exchange’s July 4 announcement. This new GST charge will be deducted directly from users’ assets across multiple services, including spot and margin trading, derivatives trading, fiat-related transactions such as buying crypto with bank cards, crypto withdrawals (including cases of recovering incorrect deposits), staking, and transfers via Bybit Pay. The tax is calculated based on fees or spreads, depending on the transaction type, and will be shown in users’ transaction histories.

In addition to the GST implementation, Bybit will discontinue several products for Indian customers starting July 9. These include legacy crypto loans, which users must settle by July 17, after which auto repayment will be enforced for any outstanding balances. The Bybit Card will no longer accept new applications, and existing cards will be blocked from new transactions from July 17, followed by deactivation. Various trading bots will also be terminated on July 9.

India already enforces a strict crypto tax regime, including a 30% capital gains tax on profits and 1% TDS on each transaction since 2022. Recently, the Income Tax Department ramped up enforcement, targeting users for underreporting crypto income through its “NUDGE” compliance campaign. Taxpayers have been flagged for mismatches between their returns and data from exchanges. Under current rules, crypto losses can’t be offset, and deductions aren’t allowed.

Now, with the additional 18% GST on service and trading fees, the overall tax burden on crypto transactions in India increases even more, raising concerns about its potential impact on market participation and user sentiment. Over 310,000 active Indian users on Bybit are expected to be affected by this new tax structure.

Read the full article here

Share. Facebook Twitter Pinterest LinkedIn Tumblr Email

Related Posts

Michael Saylor Issues Bullish Bitcoin Chart

July 8, 2025

Trader Says Matter of Time Before Crypto Breaks to New All-Time Highs, Updates Outlook on Bitcoin, Ethereum and One Other Altcoin

July 8, 2025

Will $BTC Hold Above $107K or Break Down?

July 7, 2025

Metaplanet Picks Up Additional 2,205 BTC, Holdings Now Cross 15,555 Bitcoin

July 7, 2025
Add A Comment

Leave A Reply Cancel Reply

Subscribe to Updates

Get the latest crypto news and updates directly to your inbox.

Top Posts

Michael Saylor Issues Bullish Bitcoin Chart

July 8, 2025

Ethereum OG Moves $2.2 Million in ‘Genesis Coins’ After 10 Years HODLing

July 8, 2025

Injective Sees Highest Activity Since 2023 — What’s Driving the Network’s Revival?

July 8, 2025
Advertisement
Demo

Crypto Observer is your one-stop website for the latest crypto news and updates, follow us now to get the news that matters to you.

Facebook X (Twitter) Instagram
Crypto News

Shiba Inu Price Could See 180% Explosion As This Indicator Flashes Bullish Divergence

July 7, 2025

Russia Wants to Eliminate Tax Dodgers in Bitcoin Mining: Report

July 7, 2025

Bitcoin’s Liquidity Lifeline Just Got Cut—What You Need To Know

July 7, 2025
Get Informed

Subscribe to Updates

Get the latest crypto news and updates directly to your inbox.

Facebook X (Twitter)
  • Privacy Policy
  • Terms of use
  • Advertise with us | Publishing
  • Contact us
  • Crypto News – Press release
  • Newsletter sign up
  • Markets
  • Altcoins
  • Bitcoin
  • Crypto News
  • DeFi
  • Ethereum
  • Technology
  • Blockchain
  • AI
  • NFT
  • Thanks for joining us
© 2025 Crypto Observer. All Rights Reserved.

Type above and press Enter to search. Press Esc to cancel.