Description

Notification regarding debit of SEBI turnover fees with 18% GST across all segments for October 2025, to be debited on November 06, 2025.

Summary

BSE notifies trading members that SEBI turnover fees for October 2025 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 November 06, 2025. The fee details and invoices will be available in EXTRANET by November 04, 2025.

Key Points

  • SEBI turnover fees subject to 18% GST (effective since July 18, 2022)
  • Fees to be debited from settlement (valan) account/Exchange dues account on 3rd working day of next month
  • Turnover details and fee amounts available in EXTRANET (current date > EQ > Transaction) by November 04, 2025
  • GST at 18% payable on amount mentioned in column no. 26 of TF2A file
  • Invoices available for download in EXTRANET under Periodic files > 2025 > SEBIOCT2025.Member_Code
  • SEBI turnover fees and GST debited separately with appropriate narration

Regulatory Changes

No new regulatory changes. This circular reaffirms the existing GST application rate of 18% on SEBI turnover fees as per Exchange notice no. 20250930-5, originally effective from July 18, 2022.

Compliance Requirements

  • Trading members must ensure sufficient funds in settlement account (valan account)/Exchange dues account
  • Members should review turnover details and fee calculations available in EXTRANET before debit date
  • Download and verify invoices from EXTRANET path: Periodic files > 2025 > SEBIOCT2025.Member_Code
  • Monitor file names: TF2Ammyy***, TF2Bmmyy***, TF2Cmmyy***, TF2Dmmyy***, TF2Emmyy***, TF2Fmmyy***, TF2Gmmyy***, TF2Hmmyy***, TF2Immyy***, TF2Jmmyy*** (where mmyy = month and year)

Important Dates

  • November 04, 2025: Turnover details and fee amounts available in EXTRANET
  • November 04, 2025: Invoices available for download in EXTRANET
  • November 06, 2025: SEBI turnover fees including 18% GST debited from member accounts

Impact Assessment

Operational Impact: Medium - Trading members must ensure adequate liquidity in settlement accounts by November 06, 2025 to avoid payment failures. This is a routine monthly obligation affecting all trading members across all segments.

Financial Impact: Member-specific - Impact varies based on individual trading member’s turnover across different segments. GST at 18% increases the total fee burden by approximately one-fifth of the base SEBI turnover fee.

Administrative Impact: Low - Established process with clear timelines and file formats. Members familiar with monthly cycle should face minimal administrative burden.

Impact Justification

Routine monthly fee collection notification affecting all trading members with clear deadlines and compliance requirements