SEBI imposes 18% GST on all stock market transaction fees
The Securities and Exchange Board of India (SEBI) introduced an 18 percent GST charge on transaction fees across all market segments from July 18, 2022. This change applies to cash, derivatives, currency derivatives, commodity derivatives, interest rate derivatives, the new debt segment, the repo segment, and EGR.
Since the rule took effect, SEBI turnover fees in every segment have included the additional tax. The Exchange will now debit these fees, along with the GST, on the third working day of each following month. Members will see a separate charge on their accounts, clearly labelled for transparency.
The updated billing process requires members to monitor their accounts closely. Failure to maintain sufficient funds could lead to payment delays or penalties. The Exchange will continue providing invoices and debit details through EXTRANET as scheduled.
