Description

BSE notifies trading members about the debit of SEBI turnover fees with 18% GST for October 2025 across all segments on November 6, 2025.

Summary

BSE has issued a notice regarding the payment of SEBI turnover fees for October 2025 across all trading segments. The turnover fees, subject to 18% GST (effective since July 18, 2022), will be debited from trading members’ settlement (valan) accounts or Exchange dues accounts on November 6, 2025 (3rd working day of November). Members can review turnover details and download invoices from the BSE EXTRANET portal by November 4, 2025.

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% will be charged on turnover fees as per notice 20250930-5
  • Debit date: November 6, 2025 (3rd working day of next month)
  • Turnover details and fee amounts available in EXTRANET by November 4, 2025
  • GST payable on amount mentioned in column 26 of TF2A file
  • Invoices available for download from EXTRANET under Periodic files > 2025 > SEBIOCT2025.Member_Code
  • Fees debited separately with appropriate narration in settlement account

Regulatory Changes

No new regulatory changes. This notice reinforces the existing requirement that SEBI turnover fees are subject to 18% GST, which has been in effect since July 18, 2022.

Compliance Requirements

  • Trading members must ensure sufficient funds are available in their settlement (valan) account or Exchange dues account by November 6, 2025
  • Members should review turnover details available in EXTRANET (current date > EQ > Transaction) by November 4, 2025
  • Members must download and verify invoices from EXTRANET (Periodic files > 2025 > SEBIOCT2025.Member_Code) by November 4, 2025
  • Review column 26 of TF2A file for GST calculation amount
  • Monitor file names: TF2Ammyy, TF2Bmmyy, TF2Cmmyy, TF2Dmmyy, TF2Emmyy, TF2Fmmyy, TF2Gmmyy, TF2Hmmyy, TF2Immyy, and TF2Jmmyy (where mmyy = month and year)

Important Dates

  • October 31, 2025: Notice date
  • November 4, 2025: Turnover details and invoices available in EXTRANET
  • November 6, 2025: SEBI turnover fees including 18% GST debited from settlement/Exchange dues accounts

Impact Assessment

Operational Impact: All BSE trading members across multiple segments (equity, derivatives, currency, commodity, debt, repo, EGR) must ensure adequate liquidity in their settlement accounts before November 6, 2025. This is a routine monthly payment obligation.

Financial Impact: The 18% GST increases the total outflow for SEBI turnover fees. Members need to factor this into their monthly cash flow planning and ensure sufficient account balances to avoid payment failures.

Administrative Impact: Members must monitor EXTRANET for turnover details and invoices, verify calculations in TF2A files (column 26), and reconcile multiple file formats (TF2A through TF2J) covering different segments. Failure to maintain adequate funds could result in compliance issues with the Exchange.

Impact Justification

Routine monthly payment notification for SEBI turnover fees with GST applicable to all trading members. Requires action to ensure sufficient funds in settlement accounts but is a recurring operational requirement.