Description

BSE notification regarding payment of SEBI turnover fees with 18% GST across all segments for December 2025, to be debited on January 5, 2026.

Summary

BSE has issued notice 20251231-1 informing trading members about the payment of SEBI turnover fees for December 2025 across all segments. The fees, which include 18% GST (applicable since July 18, 2022), will be debited from members’ settlement/Exchange dues accounts on January 5, 2026. Members must ensure sufficient funds are available in their accounts for this debit.

Key Points

  • SEBI turnover fees applicable across Cash, Derivatives, Currency Derivatives, Commodity Derivatives, Interest Rate Derivatives, New Debt Segment, Repo Segment and EGR segment
  • GST rate of 18% applies to all turnover fees (effective from July 18, 2022)
  • Fees will be debited on the 3rd working day of next month (January 5, 2026)
  • Turnover details and fee amounts available in EXTRANET by January 2, 2026
  • Invoices available for download from EXTRANET periodic files by January 2, 2026
  • GST payable on amount mentioned in column 26 of TF2A file
  • Fees debited separately from settlement account/Exchange dues account with appropriate narration

Regulatory Changes

No new regulatory changes introduced. This notice reiterates the existing requirement of 18% GST on SEBI turnover fees that has been in effect since July 18, 2022 (as per Exchange notice 20251128-1).

Compliance Requirements

  • Fund Availability: Trading members must ensure sufficient funds are available in their settlement account (valan account) or Exchange dues account before January 5, 2026
  • Data Review: Members should review turnover details and fee calculations available in EXTRANET (current date > EQ > Transaction) by January 2, 2026
  • Invoice Download: Members should download invoices from EXTRANET path: Periodic files > 2026 > ZIP file named SEBIDEC2025.Member_Code for December 2025
  • File Monitoring: Members should review relevant TF2 files (TF2Ammyy through TF2Jmmyy) for detailed turnover information

Important Dates

  • January 2, 2026: Turnover details, fee amounts, and invoices available in EXTRANET
  • January 5, 2026: SEBI turnover fees including 18% GST debited from settlement/Exchange dues accounts

Impact Assessment

Operational Impact: This is a routine monthly payment obligation for all BSE trading members. Members need to plan cash flows to ensure adequate funds are available in settlement accounts by the debit date.

Financial Impact: The 18% GST on SEBI turnover fees represents an ongoing cost component for trading members. The actual amount varies based on individual member turnover across all segments during December 2025.

Segment Coverage: The fees apply across all BSE trading segments including equity cash, derivatives (equity, currency, commodity, interest rate), debt, repo, and EGR segments, making it a comprehensive charge affecting all active trading members.

Administrative Requirements: Members must monitor EXTRANET for fee calculations, download invoices for accounting purposes, and ensure timely fund availability to avoid any settlement issues or penalties.

Impact Justification

Routine monthly payment notice for SEBI turnover fees affecting all trading members; requires timely fund availability but standard operational procedure