The Bombay Stock Exchange (BSE) on June 30, 2023, issued 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%.
• 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 July 05, 2023.
• The turnover across segments and the amount to be debited towards the turnover fees shall be made available in EXTRANET on July 03, 2023.
• GST at the rate of 18% shall be payable for the month on the amount mentioned in column no. 26 of the TF2A file.
• Invoice shall be made available on or before July 04, 2023, in EXTRANET (current date > EQ > ZIP with file name SEBIJUN2023.Member_Code) for the month of June 2023.
• The SEBI turnover fees including applicable GST will continue to be debited separately from the Member’s settlement account with appropriate narration against the entry.
• 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.
• The table with the details of such files is stated in the notification.
[Notification No. 20230630-3]
