Description

BSE notice regarding SEBI turnover fee payment with 18% GST across all segments, with debit scheduled for August 5, 2025.

Summary

BSE notifies trading members about the upcoming debit of SEBI turnover fees with 18% GST across all segments (Cash, Derivatives, Currency Derivatives, Commodity Derivatives, Interest Rate Derivatives, New Debt Segment, Repo Segment, and EGR segment) scheduled for August 5, 2025.

Key Points

  • SEBI turnover fees subject to 18% GST effective from July 18, 2022
  • Fees will be debited on August 5, 2025 (3rd working day of next month)
  • Turnover details available in EXTRANET from August 1, 2025
  • GST payable on amount in column 26 of TF2A file
  • Invoices available from August 4, 2025 in EXTRANET
  • Fees debited separately from settlement/Exchange dues account

Regulatory Changes

No new regulatory changes - reinforcement of existing GST application on SEBI turnover fees implemented in July 2022.

Compliance Requirements

  • Trading members must ensure sufficient funds in settlement account (valan account) or Exchange dues account
  • Members should download invoices from EXTRANET periodic files section
  • File naming convention: TF2A through TF2J with month/year suffix
  • Monitor EXTRANET for turnover fee calculations and GST amounts

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 adequate fund management for fee payment. No market disruption expected as this is standard monthly fee collection process with established GST framework.

Impact Justification

Routine fee collection notice affecting all trading members with financial obligations but no market disruption