Bybit's new 18% GST on trading fees for Indian users, effective July 7, 2025, adds to the existing tax burden, raising concerns about market participation.
Starting July 7, 2025, Bybit will impose an 18% Goods and Services Tax (GST) on service and trading fees for Indian users. This charge will be deducted directly from users' assets across various services, including spot and margin trading, derivatives trading, and fiat-related transactions. The implementation of GST comes amid India's already stringent crypto tax regime, which includes a 30% capital gains tax and 1% TDS on transactions. This new tax structure is expected to impact over 310,000 active Indian users on Bybit, intensifying concerns regarding market participation and sentiment.