The Bombay Stock Exchange (BSE) on May 31, 2023, issued a notification regarding the Payment of SEBI Turnover Fees across segments including applicable GST.
The following has been stated namely: -
• The SEBI turnover fee for Cash, Derivatives, Currency Derivatives, Commodity Derivatives, Interest Rate Derivatives, New Debt Segment, Repo Segment, and EGR segment Turnover shall be subject to GST at the rate of 18% with effect from July 18, 2022. The turnover fee along with applicable GST shall be debited to the respective settlement (valan) account of Trading Members on the 3rd working day of the next month that is June 05, 2023.
• Trading Members may please note that:
1. The turnover across segments and the amount to be debited towards the turnover fees including GST at the rate of 18%, shall be made available in EXTRANET (current date > EQ > Transaction) on June 01, 2023. GST at the rate of 18% shall be payable for the month on the prescribed amount.
2. Invoice shall be made available on or before June 02, 2023, in EXTRANET (current date > EQ > ZIP with file name SEBIMAY2023.Member_Code) for the month of May 2023.
3. Members are requested to note that SEBI turnover fees including applicable GST will continue to be debited separately from the Member’s settlement account with appropriate narration against the entry.
4. Members are requested to ensure that sufficient funds are available in their settlement account (valan account) for the purpose of payment of SEBI Turnover Fees.
5. The table with the details of such files has been stated
[Notification No. 20230531-2]
