Description

Notification regarding payment of SEBI turnover fees with 18% GST for November 2025 across all trading segments, to be debited on December 03, 2025.

Summary

BSE notifies trading members that SEBI turnover fees for November 2025 across all segments (Cash, Derivatives, Currency Derivatives, Commodity Derivatives, Interest Rate Derivatives, New Debt Segment, Repo Segment, and EGR segment) will be debited on December 03, 2025. The fees include 18% GST as per regulations effective from July 18, 2022. Turnover details and invoices will be available in EXTRANET by December 02, 2025.

Key Points

  • SEBI turnover fees across all trading segments subject to 18% GST (effective since July 18, 2022)
  • Fees will be debited from settlement (valan) account/Exchange dues account on December 03, 2025
  • Turnover details and fee amounts available in EXTRANET by December 02, 2025
  • GST applicable on amount mentioned in column 26 of TF2A file
  • Invoices available for download in EXTRANET under Periodic files > 2025 > SEBINOV2025.Member_Code
  • File formats: TF2Ammyy through TF2Jmmyy (where mmyy = month and year)
  • Fees debited separately with appropriate narration in settlement accounts

Regulatory Changes

No new regulatory changes in this circular. This notice reaffirms the existing requirement of 18% GST on SEBI turnover fees, which has been applicable since July 18, 2022 (as per Exchange notice no. 20251031-1).

Compliance Requirements

  • Trading members must ensure sufficient funds are available in their settlement account (valan account)/Exchange dues account before December 03, 2025
  • Members should review turnover details and fee calculations in EXTRANET (under current date > EQ > Transaction) by December 02, 2025
  • Members must download and verify invoices from EXTRANET (Periodic files > 2025 > SEBINOV2025.Member_Code)
  • Verify GST amount calculated at 18% on the amount in column 26 of TF2A file

Important Dates

  • December 02, 2025: Turnover details and fee amounts made available in EXTRANET; invoices available for download
  • December 03, 2025: SEBI turnover fees including 18% GST debited from settlement/Exchange dues accounts (3rd working day of the month)

Impact Assessment

This is a routine monthly operational requirement affecting all trading members across all segments. Members need to ensure adequate liquidity in their settlement accounts to cover the SEBI turnover fees plus 18% GST. The impact is predictable as fees are calculated based on monthly turnover, and members receive advance notice with detailed breakup before debit. Non-compliance could result in insufficient balance issues and potential operational disruptions. The notice provides transparency through advance availability of turnover details, fee calculations, and invoices, allowing members to verify and prepare for the debit.

Impact Justification

Routine monthly fee collection notice affecting all trading members. Requires members to maintain adequate funds in settlement accounts but is a regular operational requirement with established procedures.