Description

Notice regarding payment of SEBI turnover fees with 18% GST across all segments to be debited on February 04, 2026.

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 sufficient funds in their settlement/Exchange dues accounts.

Key Points

  • SEBI turnover fees subject to 18% GST effective from July 18, 2022
  • Fees will be debited from settlement (valan) account/Exchange dues account
  • Turnover details and fee amounts available in EXTRANET by February 03, 2026
  • GST applicable on amount mentioned in column 26 of TF2A file
  • Invoices available for download in EXTRANET under Periodic files > 2026 > SEBIJAN2026.Member_Code
  • Separate debit entry for SEBI turnover fees with appropriate narration
  • File formats: TF2Ammyy, TF2Bmmyy, TF2Cmmyy, TF2Dmmyy, TF2Emmyy, TF2Fmmyy, TF2Gmmyy, TF2Hmmyy, TF2Immyy, TF2Jmmyy

Regulatory Changes

No new regulatory changes. This notice reaffirms the existing requirement of 18% GST on SEBI turnover fees that has been in effect since July 18, 2022 (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
  • Members should review turnover details and fee calculations available in EXTRANET (current date > EQ > Transaction)
  • Download and verify invoices from EXTRANET path: Periodic files > 2026 > ZIP file SEBIJAN2026.Member_Code
  • Verify GST calculation at 18% on the amount in column 26 of TF2A file
  • Maintain adequate account balance to prevent debit failures

Important Dates

  • February 03, 2026: Turnover fee details and invoices made available in EXTRANET
  • February 04, 2026: SEBI turnover fees including 18% GST debited from member accounts (3rd working day of February)
  • Applicable Period: January 2026 turnover

Impact Assessment

Operational Impact: Trading members across all segments (Cash, Derivatives, Currency, Commodity, Interest Rate, New Debt, Repo, and EGR) must ensure liquidity management to accommodate the fee debit. The 18% GST increases the total outflow compared to base turnover fees.

Financial Impact: Medium - affects all trading members proportionally based on their January 2026 trading volumes across multiple segments. Members with higher turnover will face larger debits.

Administrative Impact: Members need to allocate resources to verify calculations, download invoices, and reconcile debits within a tight 1-day window between information availability and debit execution.

Impact Justification

Routine fee collection notice affecting all trading members with clear compliance requirements and deadlines