Description

BSE notifies trading members about SEBI turnover fee payment with 18% GST across all segments, to be debited on February 04, 2026.

Summary

BSE notifies trading members that SEBI turnover fees for all segments (Cash, Derivatives, Currency Derivatives, Commodity Derivatives, Interest Rate Derivatives, New Debt Segment, Repo Segment, and EGR segment) will be debited along with 18% GST on February 04, 2026. The GST rate has been applicable since July 18, 2022. Members must ensure sufficient funds in their settlement/Exchange dues accounts.

Key Points

  • SEBI turnover fee applicable across all trading segments with 18% GST
  • Fees will be debited on February 04, 2026 (3rd working day of the month)
  • Turnover details and fee amounts available in EXTRANET by February 03, 2026
  • GST payable on amount shown in column 26 of TF2A file
  • Invoices available for download from EXTRANET Periodic files section
  • Separate debit entries for SEBI turnover fees with appropriate narration
  • Multiple file formats: TF2Ammyy through TF2Jmmyy (where mmyy = month and year)

Regulatory Changes

No new regulatory changes. This notice reiterates the existing GST applicability of 18% on SEBI turnover fees that came into effect from July 18, 2022, as per Exchange notice no. 20251231-1.

Compliance Requirements

  • Trading Members must: Ensure sufficient funds are available in settlement (valan) account or Exchange dues account before February 04, 2026
  • Review turnover details: Check EXTRANET (current date > EQ > Transaction) by February 03, 2026 for turnover amounts and fee calculations
  • Download invoices: Access invoices from EXTRANET path: Periodic files > 2026 > SEBIJAN2026.Member_Code for January 2026
  • Verify GST calculation: Review column 26 of TF2A file for GST-applicable amount at 18%

Important Dates

  • February 03, 2026: Turnover fee details and invoices available in EXTRANET
  • February 04, 2026: SEBI turnover fees including 18% GST debited from settlement/Exchange dues accounts
  • Reference period: January 2026 turnover

Impact Assessment

Operational Impact: Medium - Routine monthly payment requirement affecting all trading members across all segments. Members must maintain adequate liquidity in settlement accounts to avoid payment failures.

Financial Impact: Variable - Depends on individual member’s trading turnover across segments. 18% GST increases total fee burden compared to pre-July 2022 period.

Administrative Impact: Low - Standard monthly process with established file formats and EXTRANET reporting mechanisms already in place.

Impact Justification

Routine monthly fee payment notification affecting all trading members with standard GST applicable since July 2022