Description

SEBI turnover fees for all segments including 18% GST will be debited on February 04, 2026. Trading members must ensure sufficient funds in settlement accounts.

Summary

BSE notifies trading members that SEBI turnover fees for January 2026 across 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. Members must ensure adequate funds in their settlement/Exchange dues accounts.

Key Points

  • SEBI turnover fee applicable across Cash, Derivatives, Currency Derivatives, Commodity Derivatives, Interest Rate Derivatives, New Debt Segment, Repo Segment and EGR segment
  • 18% GST applicable on turnover fees (effective from July 18, 2022)
  • Debit date: February 04, 2026 (3rd working day of next month)
  • Turnover details and fee amounts available in EXTRANET by February 03, 2026
  • GST payable on amount mentioned in column 26 of TF2A file
  • Invoices available for download from EXTRANET under Periodic files > 2026 > SEBIJAN2026.Member_Code
  • SEBI turnover fees and GST debited separately from settlement account with appropriate narration
  • File naming convention: TF2A through TF2J with mmyy format (month and year)

Regulatory Changes

No new regulatory changes announced. This notice reiterates the existing GST applicability at 18% rate on SEBI turnover fees, which has been in effect since July 18, 2022 (as per Exchange notice no. 20251231-1).

Compliance Requirements

  • Trading members must ensure sufficient funds are available in their settlement account (valan account) or Exchange dues account before February 04, 2026
  • Members should review turnover details and fee calculations available in EXTRANET (current date > EQ > Transaction) by February 03, 2026
  • Download and verify invoices from EXTRANET path: Periodic files > 2026 > ZIP file SEBIJAN2026.Member_Code
  • Verify GST calculation based on column 26 of TF2A file

Important Dates

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

Impact Assessment

Operational Impact: All trading members across all segments must ensure liquidity management to accommodate the monthly fee deduction. The advance notice of turnover details by February 03 allows one day for verification before debit.

Financial Impact: Medium - affects all trading members proportionate to their trading volumes across segments. The 18% GST continues to apply as per established framework.

Compliance Impact: Standard monthly compliance requirement. Members need to maintain adequate account balances and reconcile invoices against debits to avoid payment failures or disputes.

Impact Justification

Routine monthly fee collection affecting all trading members across segments with clear advance notice and established process