Description

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

Summary

BSE notifies trading members about the debit 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 include 18% GST as per the requirement effective from July 18, 2022, and will be debited on December 03, 2025.

Key Points

  • SEBI turnover fees applicable across all BSE segments: Cash, Derivatives, Currency Derivatives, Commodity Derivatives, Interest Rate Derivatives, New Debt Segment, Repo Segment, and EGR segment
  • GST at 18% rate applicable on turnover fees (effective from July 18, 2022)
  • Fees will be debited from settlement (valan) account/Exchange dues account
  • Debit scheduled for December 03, 2025 (3rd working day of next month)
  • Turnover details and fee amounts available in EXTRANET by December 02, 2025
  • Invoices available for download in EXTRANET by December 02, 2025
  • GST payable on amount mentioned in column no. 26 of TF2A file
  • File naming convention: TF2A through TF2J with mmyy suffix

Regulatory Changes

No new regulatory changes. This notice reiterates the existing GST requirement at 18% on SEBI turnover fees, which has been effective since July 18, 2022 (reference to 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 verify turnover details and fee amounts in EXTRANET (current date > EQ > Transaction) before December 02, 2025
  • Download and review invoices from EXTRANET path: Periodic files > 2025 > ZIP file named SEBINOV2025.Member_Code for November 2025
  • Maintain records of TF2A through TF2J files for the applicable month

Important Dates

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

Impact Assessment

Operational Impact: Trading members need to ensure adequate liquidity in their settlement accounts to cover the monthly SEBI turnover fees plus 18% GST. This is a recurring monthly operational requirement.

Financial Impact: The 18% GST adds to the cost of trading operations for all BSE trading members across all segments. Members must budget for this additional cost component.

Compliance Impact: Members must monitor their EXTRANET accounts to verify fee calculations and download invoices before the debit date. Insufficient funds may result in compliance issues or operational disruptions.

Market Impact: This is a routine administrative notice with no direct market impact. It affects back-office operations and cost structures for trading members but does not affect trading activities or market participants directly.

Impact Justification

Routine monthly fee payment notice affecting all trading members. Medium impact due to mandatory GST payment requirement and need to maintain sufficient funds in settlement accounts.