In Continuation to Exchange circular no. 20181015-2, Trading members/Mutual Fund Distributors may kindly note that to support the Government’s objective of providing the investors an alternate to buying physical gold and to encourage members/mutual fund distributors and their client’s participation on the Exchange, BSE will pass the commission received from the RBI (excluding GST payable thereon by exchange) for all Sovereign Gold Bond Schemes to the members/mutual fund distributors.
Members/mutual fund distributors who are liable to pay GST on their supplies may issue invoice to Exchange charging GST on the amount of commission passed on to them and the said GST shall also be reimbursed to members/mutual fund distributors. Member/mutual fund distributors are requested to mention the GSTIN of BSE in their invoices and file their GSTR 1 accordingly. It may be noted that in case of mis-match, GST amount reimbursed by BSE shall be recovered along with interest.
For and on behalf of BSE Limited,
Ketan Jantre
Sr. GM-Trading Operations
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