Description

Notification regarding payment of SEBI turnover fees with 18% GST across all segments, to be debited on December 03, 2025, with details available on EXTRANET by December 02, 2025.

Summary

BSE has issued notice 20251128-1 informing trading members about 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 turnover fee will be subject to 18% GST as per the regulation effective from July 18, 2022, and will be debited from members’ settlement/exchange dues accounts on December 03, 2025.

Key Points

  • SEBI turnover fees applicable across all trading segments: Cash, Derivatives, Currency Derivatives, Commodity Derivatives, Interest Rate Derivatives, New Debt Segment, Repo Segment, and EGR segment
  • GST charged at 18% on turnover fees (effective from July 18, 2022)
  • Fees to be debited on 3rd working day of next month (December 03, 2025)
  • Turnover details and fee amounts available on EXTRANET by December 02, 2025
  • Invoices available for download from EXTRANET by December 02, 2025
  • GST calculated on amount mentioned in column 26 of TF2A file
  • Multiple file formats provided: TF2Ammyy through TF2Jmmyy (where mmyy = month and year)

Regulatory Changes

No new regulatory changes introduced. This notice references existing regulation from Exchange notice no. 20251031-1 regarding 18% GST applicability on SEBI turnover fees, which has been in effect since July 18, 2022.

Compliance Requirements

  • For Trading Members:
    • Ensure sufficient funds are available in settlement account (valan account) or Exchange dues account by December 03, 2025
    • Review turnover details and fee amounts on EXTRANET (path: current date > EQ > Transaction) by December 02, 2025
    • Download invoices from EXTRANET (path: Periodic files > 2025 > SEBINOV2025.Member_Code) by December 02, 2025
    • Verify GST calculation on amount in column 26 of TF2A file
    • Monitor separate debit entries for SEBI turnover fees including GST with appropriate narration

Important Dates

  • November 28, 2025: Notice issued
  • December 02, 2025: Turnover details, fee amounts, and invoices available on EXTRANET
  • December 03, 2025: SEBI turnover fees including 18% GST debited from settlement/exchange dues accounts

Impact Assessment

Financial Impact: Trading members must ensure adequate liquidity in their settlement accounts to cover SEBI turnover fees plus 18% GST. The fees are calculated based on November 2025 trading turnover across all segments.

Operational Impact: Members need to access EXTRANET to review fee calculations, download invoices, and verify debits. The process is standardized and recurring monthly, minimizing operational disruption.

Market Impact: Low - This is a routine administrative process affecting all trading members uniformly. No impact on trading operations or market functioning expected.

Compliance Impact: Members must maintain sufficient funds and proper record-keeping for GST and turnover fee payments to avoid any settlement failures or compliance issues.

Impact Justification

Routine monthly fee collection notice affecting all trading members across all segments, with clear timelines and procedures already established