Bybit to impose 18% GST on services for Indian users starting July 7
Bybit aligns with India’s tax framework
Bybit, a global cryptocurrency exchange, has announced the introduction of an 18% Goods and Services Tax (GST) on various trading and service fees for users in India, in accordance with the country’s tax regulations on virtual digital assets.
The new tax policy will take effect on July 7, 2025, and will apply to a wide range of Bybit’s products and services, according to a statement on the company’s website.
GST on trading and financial operations
The 18% tax will be levied on fees for spot and margin trading, derivatives transactions, fiat operations, crypto withdrawals, and staking services. For instance, in a spot trade with a 0.1% fee, GST will amount to 18% of that fee and will be deducted from the total amount received. Similarly, the tax applies to perpetual contracts and options, increasing the overall cost of margin requirements.
Fiat services such as deposits, withdrawals, and bank card purchases will also include GST on the spread—the difference between buy and sell prices—which is now considered a taxable service. Crypto withdrawals, staking, earn products, and payments via Bybit Pay will also be subject to the tax.
Changes to products for indian users
To comply with the new regulations, Bybit will discontinue several services in India starting July 9, 2025 (08:00 UTC). Legacy crypto lending services will no longer be available, and existing loans must be repaid by July 17. After that, outstanding balances will be automatically repaid.
Additionally, Bybit will stop accepting applications for its Bybit Card as of July 9. From July 17, the cards will be deactivated and users will no longer be able to make new transactions. Several trading bots—including the Spot Grid Bot, DCA Bot, and various futures bots—will also be disabled.
Transparency and support
Bybit assures users that all GST amounts will be clearly displayed in their transaction history alongside regular fees. The exchange reaffirms its commitment to regulatory compliance and encourages users to contact customer support with any concerns.
This move marks a significant step in aligning Bybit’s services with India’s evolving crypto tax landscape.
Note: Bybit is currently running a promotional campaign in partnership with MapleStory Universe, offering participants a chance to win a share of 1,500 NXPC tokens.
