Green Satoshi Token for India: tax, rupees, routes

India is one of the few places in Asia where the word “GST” sends people in two directions at once. Some searchers want the price of Green Satoshi Token, the STEPN game token. Others want the Goods and Services Tax rate on a product. This page is about the first one: GST crypto in India, from the 30% tax on gains and the 1% TDS to buying routes, rupee conversion and the official Hindi community. If you came here for the tax on goods and services, you are on the wrong page, and the section below explains the mix-up in thirty seconds.

For everyone else, a quick refresher. GST is STEPN’s in-game utility token. You earn it by walking, jogging or running with Classic NFT sneakers, and you spend it on level-ups, repairs, minting, gems and Mystery Boxes. Its supply is unlimited and its price is now fractions of a cent. For the full background, read what Green Satoshi Token is.

“GST price” in India: token or tax?

In everyday Indian life, GST almost always means the Goods and Services Tax. When someone types “gst price” or “gst rate” into a search bar in Delhi or Pune, there is a good chance they mean the tax on goods and services. That has nothing to do with crypto.

In the crypto world, GST has only one meaning that matters here: Green Satoshi Token, issued by Find Satoshi Lab (FSL) for the STEPN app. Its ticker on data sites shows up as GST-SOL for the Solana version and GST-BSC for the BNB Chain version. If you see a chart with a price of a tiny fraction of a rupee, that is the token. If you see percentage slabs on a product, that is the tax.

There is one more twist. Because both topics involve “GST” and “tax”, some people search “gst on crypto” expecting either answer. The income tax rules for crypto gains are covered below. Whether a separate indirect tax applies to exchange fees or crypto services is a different question that our sources do not cover, so we leave it to your chartered accountant.

How the Green Satoshi Token price converts to INR

The country card at the top of this page shows 1,000 sGST in Indian rupees. Your browser fetches that number live from CoinGecko’s public API, which quotes the Solana GST token in INR. We show 1,000 tokens instead of one because a single GST is worth so little that the rupee figure would be a long string of zeros.

The maths is simple. CoinGecko gives a price per token in rupees. Multiply by the number of tokens you hold, and you have a rough rupee value. If your STEPN wallet shows 2,500 sGST, multiply the per-token INR price by 2,500. Remember three caveats, though:

• The quote is for sGST (Solana). bGST on BNB Chain and pGST on Polygon are separate tokens with separate prices. They cannot be moved between realms, and their prices can differ several times over.
• It is a market quote, not a cash-out value. GST trades in thin pools. Selling a larger amount can move the price, and fees and gas come off the top.
• There is no INR market for GST. The rupee figure is a conversion via other markets, not a price you can sell at on an Indian exchange.

For other amounts and currencies, use the converter on our live GST price page. It handles the realm differences for you.

India’s crypto tax: 30% flat and 1% TDS

India treats crypto under the label virtual digital assets (VDAs). Two rules dominate the picture, and both were left unchanged in the latest Union Budget ^[source] :

1. A flat 30% tax (plus cess) on gains from transferring VDAs, with no set-off of losses.
2. A 1% TDS on transfers of VDAs.

The “no loss set-off” rule is the one that surprises STEPN players most. Suppose you bought GMT, sold it at a profit, and also sold some GST at a loss. Under India’s VDA rules, the GST loss does not reduce the tax on the GMT gain. Each profitable transfer is taxed on its own. For a token like GST, which has fallen from an all-time high of $8.51 in April 2022 to fractions of a cent, many long-time holders sit on losses they cannot use.

New reporting penalties also apply from April 2026, and the TDS provision has moved into the new Income-tax Act 2025. The direction is clear: more reporting, not less.

What about the GST you earn by walking?

This is the grey area. Our sources describe how India taxes the transfer of VDAs, but they do not spell out how move-to-earn rewards are treated when you receive them, or how an in-app swap between GST and GMT is classified. We will not guess. A practical habit: write down the date, amount and approximate rupee value whenever you move GST out of the app, swap it or sell it. Your chartered accountant will thank you, and the GST earning calculator can help you estimate what you are earning in the first place.

FIU-IND registration and Indian exchanges

Every VDA service provider serving Indian users must register with the Financial Intelligence Unit – India (FIU-IND) under the Prevention of Money Laundering Act. Roughly 49–50 providers were registered in 2025, and notices went to 25 offshore platforms that had not complied ^[source] . For you, the rule of thumb is to check that any platform you use is on the registered list before you deposit rupees.

CoinDCX is the clearest local example for STEPN players. It lists GMT, STEPN’s governance token, with GMTINR and GMTUSDT markets. It does not list GST. That distinction matters: GMT is the token you need for marketplace purchases, milestone level-ups and minting, while GST covers everyday upkeep. If the difference is new to you, our GST vs GMT comparison explains it.

WazirX was one of India’s best-known exchanges until a hack in July 2024, after which it went through restructuring. We could not verify its current status, so we neither recommend nor rule it out. Check recent official notices and the FIU-IND list yourself.

Routes from India to a working STEPN wallet

With no Indian GST market, an Indian player has three realistic routes. None of these is advice; they are just the mechanics.

1. Buy GMT in INR, then swap in the app

Because GMT trades against INR on CoinDCX, you can buy GMT in rupees and withdraw it to your STEPN wallet on the network that matches your realm. You will also need the realm’s gas token (SOL, BNB or POL) for on-chain transfers. Inside the app, the swap runs on FSL’s DOOAR DEX with a 1% fee, and it only handles realm-native tokens. Check the withdrawal network very carefully: GMT exists on Solana, BNB Chain and Polygon, and sending it on the wrong one is the classic mistake.

2. Buy the gas token, then swap

The simplest path is often to buy SOL, BNB or POL on an FIU-IND-registered exchange that lists it, send it to your STEPN wallet, and swap part of it for GST inside the app. You need the gas token anyway, so this saves one step.

3. Use an exchange that still lists GST

GST spot markets remain on Coinbase and Kraken in US dollars and on MAX in Taiwan dollars, plus decentralised exchanges. Whether an Indian resident can use any of these depends on each platform’s rules and on FIU-IND registration. Given the notices sent to offshore platforms, check before you sign up. Our how to buy GST guide lists the venues and networks.

Cashing out: think about tax before you sell

Selling is where India’s rules bite. Moving GST out of the app, swapping it to a stablecoin and selling for rupees can involve several transfers, and each one may count. Our how to sell GST guide covers the steps: Spending account to Wallet, Wallet to exchange on the correct network, then sale. Add India’s layer on top: the 1% TDS on transfers, the 30% tax on any gain, and no relief for losses elsewhere.

For small STEPN balances, the maths often favours spending GST inside the game on repairs and level-ups rather than cashing out at all. That is not a recommendation, just an observation about fees and tax drag on tiny amounts.

The official Hindi community and staying safe

STEPN lists an official Hindi Telegram at t.me/stepnindia. It is useful for event news and help in your language. The usual warning applies: official moderators never DM you first, never ask for tokens, and never ask for verification codes, 2FA codes or your seed phrase ^[source] .

Watch out for fake “GST” tokens too. Many unrelated tickers use the same three letters on DEXs. Always match the contract address with the official list on the whitepaper’s tokenomics page ^[source] . Our wallet safety guide shows how.

This page is general information, not tax, legal or investment advice. Indian VDA rules change with each Budget, so confirm current rules with the Income Tax Department and a qualified chartered accountant before you act. For how India fits into the wider region, see our Asia hub.