Description
BSE notifies trading members about SEBI turnover fee payment with 18% GST to be debited on August 5, 2025, for July 2025 transactions.
Summary
BSE notifies trading members that SEBI turnover fees across all segments will be debited with 18% GST on August 5, 2025, covering July 2025 transactions. Members must ensure sufficient funds in their settlement accounts.
Key Points
- SEBI turnover fee applicable across Cash, Derivatives, Currency Derivatives, Commodity Derivatives, Interest Rate Derivatives, New Debt Segment, Repo Segment and EGR segment
- GST at 18% rate effective from July 18, 2022 continues to apply
- Fees debited on 3rd working day of next month (August 5, 2025)
- Turnover details available in EXTRANET from August 1, 2025
- Invoices available from August 4, 2025
Regulatory Changes
No new regulatory changes - circular reiterates existing GST application at 18% rate on SEBI turnover fees as per previous notice 20220830-5.
Compliance Requirements
- Trading members must maintain sufficient funds in settlement account/Exchange dues account
- Monitor turnover fee calculations in EXTRANET (current date > EQ > Transaction)
- Download invoices from EXTRANET path: Periodic files > 2025 > SEBIJUL2025.Member_Code
- GST payable on amount in column 26 of TF2A file
Important Dates
- August 1, 2025: Turnover fee details available in EXTRANET
- August 4, 2025: Invoices available for download
- August 5, 2025: Fees debited from member accounts
Impact Assessment
Routine fee collection affecting all BSE trading members. Members need to ensure adequate liquidity in settlement accounts to avoid payment defaults. No operational changes to trading activities.
Impact Justification
Regular fee collection notice affecting all trading members with mandatory compliance requirements