Description

BSE notice regarding debit of SEBI turnover fees with 18% GST for November 2025 across all segments, to be debited on December 03, 2025.

Summary

BSE has issued notice regarding the payment of 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). The fees will be subject to 18% GST and debited from trading members’ settlement/Exchange dues accounts on December 03, 2025.

Key Points

  • SEBI turnover fees subject to 18% GST (effective from July 18, 2022)
  • Fees applicable across all segments: Cash, Derivatives, Currency Derivatives, Commodity Derivatives, Interest Rate Derivatives, New Debt Segment, Repo Segment, and EGR segment
  • Debit date: December 03, 2025 (3rd working day of next month)
  • Turnover details and fee amounts available on EXTRANET by December 02, 2025
  • GST at 18% payable on amount mentioned in column 26 of TF2A file
  • Invoices available for download from EXTRANET by December 02, 2025
  • File location: Periodic files > 2025 > SEBINOV2025.Member_Code
  • Fees debited separately from settlement account/Exchange dues account with appropriate narration

Regulatory Changes

No new regulatory changes. This notice reiterates 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) or Exchange dues account by December 03, 2025
  • Members should review turnover details and fee calculations available on EXTRANET by December 02, 2025
  • Download and verify invoices from EXTRANET path: Periodic files > 2025 > ZIP file named SEBINOV2025.Member_Code for November 2025
  • Monitor relevant TF2 files (TF2Ammyy to TF2Jmmyy format) for detailed fee breakup

Important Dates

  • December 02, 2025: Turnover details, fee amounts, and invoices made available on EXTRANET
  • December 03, 2025: SEBI turnover fees including 18% GST debited from settlement/Exchange dues accounts

Impact Assessment

Operational Impact: Medium - All trading members across all segments must ensure adequate funds in their accounts to cover SEBI turnover fees plus 18% GST. This is a routine monthly obligation.

Financial Impact: Varies by member based on trading turnover volume. The 18% GST increases the total fee liability compared to the base turnover fee.

Compliance Impact: Members must monitor their EXTRANET accounts, verify fee calculations, and maintain sufficient account balances to avoid payment defaults. Failure to maintain adequate funds could result in compliance issues and potential penalties.

Impact Justification

Routine monthly fee payment notice affecting all trading members. Medium importance as it requires ensuring sufficient funds but is a recurring operational requirement.