Description

BSE informs trading members that SEBI turnover fees for all segments will be debited along with 18% GST on March 05, 2026, for February 2026 turnover. Members must ensure sufficient funds in their settlement accounts.

Summary

BSE has notified all trading members that SEBI turnover fees for February 2026, covering Cash, Derivatives, Currency Derivatives, Commodity Derivatives, Interest Rate Derivatives, New Debt Segment, Repo Segment, and EGR Segment, will be debited from their settlement (valan) or Exchange dues accounts on March 05, 2026 (the 3rd working day of March). The fees are subject to 18% GST, applicable since July 18, 2022.

Key Points

  • SEBI turnover fees across all segments are subject to 18% GST effective July 18, 2022
  • Debit will occur on March 05, 2026 (3rd working day of next month)
  • Turnover data and fee amounts will be available in EXTRANET (Current Date > EQ > Transaction) on or before March 04, 2026
  • GST at 18% is payable on the amount in column no. 26 of the TF2A file
  • Invoices will be available in EXTRANET by March 04, 2026 under path: Periodic Files > 2026 > ZIP file named SEBIFEB2026.Member_Code
  • SEBI turnover fees and GST will be debited separately from settlement accounts with appropriate narration
  • Reference notice: BSE Notice No. 20260130-2

Regulatory Changes

No new regulatory changes introduced. This notice reaffirms the existing GST rate of 18% on SEBI turnover fees, which has been in effect since July 18, 2022, as originally communicated.

Compliance Requirements

  • Trading members must ensure sufficient funds are available in their settlement (valan) account or Exchange dues account before March 05, 2026
  • Members should download and verify turnover details from EXTRANET before the debit date
  • GST liability must be computed on column no. 26 of the TF2A file
  • Invoice files for February 2026 must be downloaded from EXTRANET: Periodic Files > 2026 > SEBIFEB2026.Member_Code

Important Dates

  • Effective GST Date: July 18, 2022 (ongoing)
  • EXTRANET Data & Invoice Availability: On or before March 04, 2026
  • Debit Date: March 05, 2026 (3rd working day of March 2026)
  • Circular Date: February 27, 2026

Impact Assessment

This is a routine monthly compliance notice affecting all BSE trading members who have turnover across any of the covered segments (Cash, Derivatives, Currency Derivatives, Commodity Derivatives, Interest Rate Derivatives, New Debt, Repo, and EGR). The operational impact is limited to ensuring adequate liquidity in settlement accounts by March 05, 2026. The relevant fee files are TF2A through TF2J (suffixed by month-year: mmyy). No market-wide trading impact is expected; this is purely an administrative and financial compliance requirement.

Impact Justification

Routine monthly notice for SEBI turnover fee debit with GST applicable to all trading members across segments; no new regulatory change, reaffirms existing 18% GST rate effective July 18, 2022.