Description

Notification regarding payment of SEBI turnover fees with 18% GST for January 2026 across all segments, to be debited on February 4, 2026.

Summary

BSE notifies trading members about the payment of 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) with applicable 18% GST. The fees will be debited from members’ settlement/Exchange dues accounts on February 4, 2026.

Key Points

  • SEBI turnover fees across all segments are subject to 18% GST effective from July 18, 2022
  • Fee debit will occur on the 3rd working day of next month (February 4, 2026)
  • Turnover details and fee amounts will be available in EXTRANET by February 3, 2026
  • GST at 18% is payable on the amount mentioned in column 26 of TF2A file
  • Invoices will be available for download in EXTRANET by February 3, 2026
  • SEBI turnover fees and GST will be debited separately with appropriate narration
  • File location: Periodic files > 2026 > SEBIJAN2026.Member_Code

Regulatory Changes

No new regulatory changes announced. This notice reaffirms the existing requirement of 18% GST on SEBI turnover fees that has been applicable 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 4, 2026
  • Members should verify turnover details and fee calculations available in EXTRANET (current date > EQ > Transaction) by February 3, 2026
  • Members must download invoices from EXTRANET path: Periodic files > 2026 > ZIP with file name SEBIJAN2026.Member_Code
  • Members should review TF2A file column 26 for GST calculation basis

Important Dates

  • January 30, 2026: Notice date
  • February 3, 2026: Turnover details, fee amounts, and invoices available in EXTRANET
  • February 4, 2026: SEBI turnover fees including 18% GST debited from settlement/Exchange dues accounts

Impact Assessment

Market Impact: Low - This is a routine monthly administrative process affecting all trading members equally.

Operational Impact: Medium - Trading members must ensure adequate liquidity in their settlement accounts by February 4, 2026 to avoid payment defaults. Members need to download and verify invoices and turnover data from EXTRANET.

Financial Impact: The fees cover multiple segments including Cash, Derivatives, Currency Derivatives, Commodity Derivatives, Interest Rate Derivatives, New Debt Segment, Repo Segment, and EGR segment with 18% GST applied to all turnover fees.

File References: Multiple TF2 files (TF2Ammyy through TF2Jmmyy) will be generated for different segments, where mmyy represents month and year (0126 for January 2026).

Impact Justification

Regular monthly compliance requirement for all trading members regarding SEBI turnover fees payment with GST. Standard procedural notice with specific payment dates and file availability details.