The Bombay Stock Exchange (BSE) on January 31, 2024, issued a notification regarding the Payment of SEBI Turnover Fees across segments including applicable GST.
This has a reference to the Exchange notice no. 20220830-5 related to the 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 following has been stated namely: -
•It states that the turnover fee along with applicable GST shall be debited to the respective settlement (valan) account/ Exchange dues account of Trading Members on the 3rd working day of the next month i.e., February 05, 2024.
• It is to be noted that 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 February 01, 2024. GST at the rate of 18% shall be payable for the month on the amount mentioned in column no. 26 of the TF2A file.
•The Invoices shall be made available on or before February 02, 2024, in EXTRANET and the same are available on the following path for download. (Periodic files > 2024 > ZIP with file name SEBIJAN2024.Member_Code) for the month of January 2024.
• It is requested to note that SEBI turnover fees including applicable GST will continue to be debited separately from the Member’s settlement account/ Exchange dues account with appropriate narration against the entry.
• It is further requested to ensure that sufficient funds are available in their settlement account (valan account)/ Exchange dues account for the purpose of payment of SEBI Turnover Fees.
[Notice No. 20240131-3]
