Description
BSE notifies trading members of SEBI turnover fee debit on May 06, 2026 for April 2026, covering Cash, Derivatives, Currency, Commodity, Interest Rate, Debt, Repo, and EGR segments with 18% GST.
Summary
BSE has notified all trading members that SEBI turnover fees for April 2026, covering Cash, Derivatives, Currency Derivatives, Commodity Derivatives, Interest Rate Derivatives, New Debt, Repo, and EGR segments, will be debited from settlement (valan) accounts or Exchange dues accounts on May 06, 2026 (the 3rd working day of May). GST at 18% applies on the turnover fees effective July 18, 2022.
Key Points
- SEBI turnover fees for April 2026 will be debited on May 06, 2026 (3rd working day of May)
- GST at 18% is applicable on turnover fees across all segments since July 18, 2022
- Turnover data and debit amounts will be available on EXTRANET (current date > EQ > Transaction) on or before May 05, 2026
- GST at 18% is payable on the amount in column no. 26 of TF2A file
- Invoices for April 2026 will be available on EXTRANET on or before May 05, 2026
- Invoice download path: Periodic files > 2026 > ZIP file named SEBIAPR2026.Member_Code
- SEBI turnover fees and GST will be debited separately from the settlement account with appropriate narration
- Reference notice: 20260330-2
Regulatory Changes
No new regulatory changes. This notice reaffirms the existing framework under which SEBI turnover fees are subject to 18% GST effective July 18, 2022, as previously communicated via Exchange notice no. 20260330-2.
Compliance Requirements
- Trading members must ensure sufficient funds are available in their settlement (valan) account or Exchange dues account before May 06, 2026 to cover SEBI turnover fees and applicable GST
- Members should download and review turnover fee files from EXTRANET before May 05, 2026
- Applicable file names: TF2Ammyy, TF2Bmmyy, TF2Cmmyy, TF2Dmmyy, TF2Emmyy, TF2Fmmyy, TF2Gmmyy, TF2Hmmyy, TF2Immyy, and TF2Jmmyy (where mmyy = month and year)
- Members should download invoices from EXTRANET for GST compliance records
Important Dates
| Date | Event |
|---|---|
| May 05, 2026 | Turnover data, debit amounts, and invoices available on EXTRANET |
| May 06, 2026 | SEBI turnover fees + 18% GST debited from settlement/Exchange dues account |
Impact Assessment
This is a routine monthly notice impacting all BSE trading members active across any of the eight segments (Cash, Derivatives, Currency Derivatives, Commodity Derivatives, Interest Rate Derivatives, New Debt, Repo, EGR). Members with high trading volumes across multiple segments should be particularly attentive to ensuring adequate liquidity in settlement accounts. The debit is automatic and non-negotiable; insufficient funds could result in settlement disruptions or penalties. No market-wide or systemic impact is expected as this is a standard recurring fee collection process.
Impact Justification
Routine monthly operational notice for trading members to ensure adequate funds in settlement accounts for SEBI turnover fee debit; affects all trading members across all segments but is a recurring procedural compliance requirement.