Description
BSE notifies trading members of SEBI turnover fee debits (with 18% GST) across all segments for February 2026, scheduled for March 5, 2026, with invoices and turnover files available by March 4, 2026.
Summary
BSE has issued a notice (No. 20260227-2) informing all trading members that SEBI turnover fees for February 2026 across 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 March 5, 2026 (the 3rd working day of March). This GST applicability has been in effect since July 18, 2022. Members are directed to ensure sufficient funds in their settlement/exchange dues accounts before the debit date.
Key Points
- SEBI turnover fees are subject to 18% GST across all trading segments, effective July 18, 2022.
- Debit of turnover fees (including GST) will occur on March 5, 2026 from the respective settlement (valan) account or Exchange dues account of trading members.
- Segment-wise turnover data and debit amounts will be available on EXTRANET (current date > EQ > Transaction) on or before March 4, 2026.
- GST at 18% is applicable on the amount in column no. 26 of the TF2A file.
- Invoices will be available on EXTRANET by March 4, 2026, under: Periodic files > 2026 > ZIP file named SEBIFEB2026.Member_Code.
- SEBI turnover fees and GST will be debited separately from the settlement account with appropriate narration.
- Relevant turnover files: TF2Ammyy, TF2Bmmyy, TF2Cmmyy, TF2Dmmyy, TF2Emmyy, TF2Fmmyy, TF2Gmmyy, TF2Hmmyy, TF2Immyy, and TF2Jmmyy (where mmyy = month and year).
Regulatory Changes
No new regulatory changes are introduced. This notice reaffirms the existing GST applicability of 18% on SEBI turnover fees across all segments, as established since July 18, 2022. Members are referred to Exchange notice no. 20260130-2 for background details.
Compliance Requirements
- Trading members must ensure sufficient funds are available in their settlement (valan) account or Exchange dues account before March 5, 2026 to cover SEBI turnover fees plus 18% GST.
- Members should download their invoices from EXTRANET by March 4, 2026, using the path: Periodic files > 2026 > SEBIFEB2026.Member_Code.
- Members should verify their turnover figures and fee amounts via the TF2A–TF2J files available on EXTRANET on or before March 4, 2026.
Important Dates
| Date | Event |
|---|---|
| July 18, 2022 | GST at 18% on SEBI turnover fees effective |
| March 4, 2026 | Turnover data and invoices available on EXTRANET |
| March 5, 2026 | Debit of SEBI turnover fees + GST from settlement/Exchange dues accounts |
Impact Assessment
This is a routine monthly compliance notice with moderate operational impact on all BSE trading members. Members active across multiple segments (Cash, F&O, Currency, Commodity, IRD, Debt, Repo, EGR) should ensure adequate liquidity in their settlement accounts well before March 5, 2026, to avoid any shortfall. No new fees or rates are being introduced; the 18% GST on SEBI turnover fees remains unchanged. Members should reconcile their segment-wise turnover data against the TF2 files on EXTRANET as a best practice before the debit date.
Impact Justification
Routine monthly notice for SEBI turnover fee collection with GST; operationally important for trading members to ensure sufficient funds by March 5, 2026, but no new regulatory change is introduced.