Description
BSE informs trading members that SEBI turnover fees for all segments including Cash, Derivatives, Currency, Commodity, and Debt will be debited along with 18% GST on March 05, 2026, covering February 2026 turnover.
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 along with 18% GST on the 3rd working day of the next month — March 05, 2026. Members must ensure sufficient funds are available in their settlement (valan) or Exchange dues accounts.
Key Points
- SEBI turnover fee is subject to 18% GST with effect from July 18, 2022, across all trading segments.
- Debit of turnover fees including GST will occur on March 05, 2026 (3rd working day of March).
- Turnover details and debit amounts will be available in EXTRANET (current date > EQ > Transaction) on or before March 04, 2026.
- GST at 18% is calculated on the amount in column 26 of the TF2A file.
- Invoices for February 2026 will be available in EXTRANET by March 04, 2026, under path: Periodic files > 2026 > ZIP file named
SEBIFEB2026.Member_Code. - Turnover fees and GST will be debited separately from settlement accounts with appropriate narration.
- Reference notice: Exchange Notice No. 20260130-2.
Regulatory Changes
No new regulatory changes introduced. This notice reaffirms the existing framework under which 18% GST applies to SEBI turnover fees across all segments since July 18, 2022.
Compliance Requirements
- Trading members must ensure sufficient funds are maintained in their settlement (valan) account or Exchange dues account prior to March 05, 2026.
- Members should download and verify turnover fee files from EXTRANET before the debit date.
- GST liability should be confirmed against column 26 of the TF2A file.
- Relevant EXTRANET fee files to review: TF2Ammyy, TF2Bmmyy, TF2Cmmyy, TF2Dmmyy, TF2Emmyy, TF2Fmmyy, TF2Gmmyy, TF2Hmmyy, TF2Immyy, TF2Jmmyy (where
mmyy= month and year).
Important Dates
| Date | Event |
|---|---|
| July 18, 2022 | GST at 18% on SEBI turnover fees effective from this date |
| March 04, 2026 | Turnover details and invoices available in EXTRANET |
| March 05, 2026 | SEBI turnover fees + GST debited from settlement/Exchange dues accounts |
Impact Assessment
This is a recurring monthly compliance obligation affecting all trading members on BSE across all segments. The operational impact is moderate — members need to proactively check EXTRANET for their fee computations and ensure adequate liquidity in settlement accounts to avoid any shortfall. No changes to rates or processes are introduced; this serves as a reminder for February 2026 settlement. Members with high trading volumes across multiple segments should pay particular attention to the aggregate fee computation across all applicable TF2 files.
Impact Justification
Routine periodic notice affecting all trading members across segments; requires action to ensure adequate funds in settlement accounts by March 05, 2026 but follows established recurring process.