Description

BSE notifies trading members about SEBI turnover fee payment with 18% GST to be debited on September 03, 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 September 03, 2025.

Key Points

  • SEBI turnover fee applicable across all BSE segments with 18% GST (effective from July 18, 2022)
  • Fee deduction scheduled for September 03, 2025 (3rd working day of next month)
  • Turnover details and fee amounts available in EXTRANET from September 01, 2025
  • GST calculated on amount in column 26 of TF2A file
  • Invoices available from August 04, 2025 in EXTRANET under Periodic files

Regulatory Changes

No new regulatory changes announced. This notice reiterates existing GST applicability on SEBI turnover fees implemented from July 18, 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 > 2025 > SEBIAUG2025.Member_Code)
  • Monitor turnover details in EXTRANET from September 01, 2025
  • Maintain adequate account balance for fee deduction on September 03, 2025

Important Dates

  • September 01, 2025: Turnover details and fee amounts available in EXTRANET
  • September 03, 2025: SEBI turnover fees with GST to be debited from member accounts
  • August 04, 2025: Invoice availability date in EXTRANET

Impact Assessment

Routine administrative impact on all BSE trading members. Members need to ensure adequate account balances to cover SEBI turnover fees plus 18% GST. The systematic fee collection process continues with clear timelines and invoice availability through EXTRANET platform.

Impact Justification

Routine fee collection notice affecting all trading members with financial implications