Description

BSE notifies trading members about SEBI turnover fee payment with 18% GST across all segments, due September 3, 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 debited with 18% GST on September 3, 2025. This continues the GST application that began July 18, 2022.

Key Points

  • SEBI turnover fees subject to 18% GST across all trading segments
  • Fees will be debited on September 3, 2025 (3rd working day of next month)
  • Turnover details available in EXTRANET from September 1, 2025
  • GST payable on amount in column 26 of TF2A file
  • Invoices available from August 4, 2025 in EXTRANET
  • Separate debit entries with appropriate narration
  • Multiple file formats: TF2A through TF2J with month/year coding

Regulatory Changes

Continuation of existing GST framework implemented July 18, 2022 (Exchange notice 20220731-2). No new regulatory changes introduced.

Compliance Requirements

  • Trading members must ensure sufficient funds in settlement account (valan account) or Exchange dues account
  • Monitor EXTRANET for turnover details from September 1, 2025
  • Download invoices from Periodic files > 2025 > SEBIAUG2025.Member_Code
  • Review GST amount in column 26 of TF2A file

Important Dates

  • September 1, 2025: Turnover details available in EXTRANET
  • September 3, 2025: SEBI turnover fees with GST debited from accounts
  • August 4, 2025: Invoices available for download

Impact Assessment

Routine operational impact on trading members requiring adequate account funding. No market disruption expected as this continues existing GST framework. Members need to ensure liquidity management for fee payment obligations across all trading segments.

Impact Justification

Operational notice affecting all trading members with financial obligations but routine in nature