Description

BSE notifies trading members that SEBI turnover fees across all segments for November 2025, including 18% GST, will be debited on December 3, 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, Repo, and EGR) will be subject to 18% GST and debited from settlement/Exchange dues accounts on December 3, 2025. Turnover details and invoices will be available via EXTRANET by December 2, 2025.

Key Points

  • SEBI turnover fees applicable across all trading segments including Cash, Derivatives, Currency Derivatives, Commodity Derivatives, Interest Rate Derivatives, New Debt Segment, Repo Segment, and EGR segment
  • GST rate of 18% applies to turnover fees (effective from July 18, 2022, as per notice 20251031-1)
  • Debit date: December 3, 2025 (3rd working day of next month)
  • Turnover details and fee amounts available in EXTRANET by December 2, 2025
  • GST applicable on amount mentioned in column 26 of TF2A file
  • Invoices available for download from EXTRANET under Periodic files > 2025 > SEBINOV2025.Member_Code
  • File names: TF2Ammyy, TF2Bmmyy, TF2Cmmyy, TF2Dmmyy, TF2Emmyy, TF2Fmmyy, TF2Gmmyy, TF2Hmmyy, TF2Immyy, TF2Jmmyy (where mmyy = month and year)

Regulatory Changes

No new regulatory changes announced. This circular reiterates 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 account (valan account) or Exchange dues account by December 3, 2025
  • Members should download and review turnover details from EXTRANET (current date > EQ > Transaction) by December 2, 2025
  • Members must download invoices from EXTRANET path: Periodic files > 2025 > SEBINOV2025.Member_Code
  • SEBI turnover fees including GST will be debited separately with appropriate narration

Important Dates

  • December 2, 2025: Turnover details and invoices available in EXTRANET
  • December 3, 2025: SEBI turnover fees plus 18% GST debited from settlement/Exchange dues accounts

Impact Assessment

Financial Impact: Trading members must ensure adequate liquidity in settlement accounts to cover SEBI turnover fees plus 18% GST for November 2025 trading activity. Failure to maintain sufficient funds may result in payment defaults and potential penalties.

Operational Impact: Members need to access EXTRANET by December 2, 2025 to review turnover calculations and download invoices for accounting and reconciliation purposes. The separate debiting of SEBI fees requires proper tracking and accounting treatment.

Scope: Affects all BSE trading members across multiple segments including equity cash, all derivative segments, debt, and repo markets.

Impact Justification

Routine monthly notification for trading members regarding SEBI turnover fee payment with GST. Requires members to ensure sufficient funds by December 3, 2025 to avoid payment failures.