Description

BSE informs trading members that SEBI turnover fees for all segments will be debited on March 05, 2026, along with 18% GST applicable from July 18, 2022.

Summary

BSE has notified all trading members that SEBI turnover fees for the month of 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) account or Exchange dues account on March 05, 2026. GST at 18% is applicable on these fees effective from July 18, 2022.

Key Points

  • SEBI turnover fees subject to 18% GST effective July 18, 2022, across all segments
  • Fees and GST will be debited on the 3rd working day of the next month — March 05, 2026
  • Turnover details and debit amounts will be available in EXTRANET on or before March 04, 2026 (path: Current Date > EQ > Transaction)
  • GST at 18% is payable on the amount in column no. 26 of the TF2A file
  • Invoices for February 2026 will be available in EXTRANET on or before March 04, 2026 (path: Periodic files > 2026 > ZIP file named SEBIFEB2026.Member_Code)
  • Turnover fee files use naming convention TF2Xmmyy (where X = A to J, mmyy = month and year)
  • SEBI turnover fees and GST will be debited separately from settlement accounts with appropriate narration

Regulatory Changes

No new regulatory changes introduced. This notice is a reminder of the existing GST applicability (18%) on SEBI turnover fees as effective from July 18, 2022, and references the earlier Exchange notice no. 20260130-2.

Compliance Requirements

  • Trading members must ensure sufficient funds are available in their settlement (valan) account or Exchange dues account before March 05, 2026 to cover SEBI turnover fees including 18% GST
  • Members should review their turnover data in EXTRANET under the TF2A–TF2J files for February 2026
  • Members should download and verify invoices from EXTRANET (Periodic files > 2026 > SEBIFEB2026.Member_Code) before March 04, 2026

Important Dates

  • March 04, 2026: Turnover details, debit amounts, and invoices available in EXTRANET
  • March 05, 2026: Debit of SEBI turnover fees including 18% GST from settlement/Exchange dues accounts
  • July 18, 2022 (reference): Effective date of 18% GST on SEBI turnover fees

Impact Assessment

This is a routine periodic operational notice affecting all trading members across all segments on BSE. Members need to ensure liquidity in their settlement accounts to avoid any shortfall on the debit date. The impact is operational and financial for individual members, with no market-wide structural changes. The notice applies uniformly to all segments including Cash, Derivatives, Currency, Commodity, Interest Rate Derivatives, New Debt, Repo, and EGR.

Impact Justification

Routine periodic notice informing trading members of upcoming debit for SEBI turnover fees with GST; affects all trading members across segments but is a recurring operational compliance matter.