The Bombay Stock Exchange (BSE) on September 29, 2023, issued a notification regarding the Payment of SEBI Turnover Fees across segments including applicable GST.
The following has been stated namely: -
• Trading Members of the Exchange are hereby informed that 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 i.e., October 05, 2023.
• The turnover across segments and the amount to be debited towards the turnover fees shall be made available in EXTRANET (current date > EQ > Transaction) on October 03, 2023.
• Invoice shall be made available on or before October 04, 2023, in EXTRANET (current date > EQ > ZIP with file name SEBISEP2023.Member_Code) for the month of September 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 to ensure that sufficient funds are available in their settlement account (valan account) for the purpose of payment of SEBI Turnover Fees.
• The details of the file have been mentioned in the notification.
[Notification No. 20230929-5]
