Description

BSE notifies trading members about SEBI turnover fee payment with 18% GST to be debited on August 5, 2025.

Summary

BSE notifies trading members that SEBI turnover fees across all segments (Cash, Derivatives, Currency Derivatives, Commodity Derivatives, Interest Rate Derivatives, New Debt Segment, Repo Segment and EGR segment) will be subject to 18% GST and debited from settlement accounts on August 5, 2025.

Key Points

  • SEBI turnover fee subject to 18% GST effective from July 18, 2022
  • Fees will be debited on the 3rd working day of next month (August 5, 2025)
  • Turnover details and amounts available in EXTRANET from August 1, 2025
  • GST at 18% payable on amount in column 26 of TF2A file
  • Invoices available from August 4, 2025 in EXTRANET
  • Separate debit entry with appropriate narration for SEBI turnover fees

Regulatory Changes

No new regulatory changes - this is a reminder of existing GST applicability on SEBI turnover fees implemented from July 18, 2022.

Compliance Requirements

  • Trading members must ensure sufficient funds in settlement account/Exchange dues account
  • Monitor turnover details in EXTRANET from August 1, 2025
  • Download invoices from EXTRANET after August 4, 2025
  • Maintain adequate liquidity for fee payment including 18% GST

Important Dates

  • August 1, 2025: Turnover details available in EXTRANET
  • August 4, 2025: Invoices available for download
  • August 5, 2025: SEBI turnover fees with GST debited from accounts

Impact Assessment

Routine operational impact on trading members requiring fund management for monthly SEBI fee payments. All segments affected including Cash, Derivatives, Currency, Commodity, Interest Rate, New Debt, Repo and EGR segments. Members need to ensure adequate account balances to avoid payment failures.

Impact Justification

Regular fee payment notification affecting all trading members with specific compliance requirements and deadlines