The Bombay Stock Exchange (BSE) on November 30, 2023, issued a notification regarding the payment of SEBI Turnover Fees across segments including applicable GST.
The following has been stated: -
•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% with effect from July 18, 2022. Please refer to Exchange notice no. 20220830-5 in this regard. 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., December 05, 2023.
•Trading Members may please note that:
The turnover across segments and the amount to be debited towards the turnover fees including GST at the rate 18%, shall be made available in EXTRANET (current date > EQ > Transaction) on December 01, 2023. GST at the rate 18% shall be payable for the month on the amount mentioned in column no. 26 of TF2A file.
•In view of the above, the 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 detailed notification is given in the document attached below.
[Notification No. 20231130-1]
