The Department of Revenue, Ministry of Finance vide Notification no. 04/2022 Central Tax (Rate) dated July 13, 2022, has notified that the GST exemption granted to the services provided by SEBI is being withdrawn with effect from July 18, 2022. According to the notification, the services provided by SEBI shall be subject to GST with effect from July 18, 2022.
In compliance to the Notification no. 04/2022, SEBI has directed the Exchange to start collecting GST @ 18% on the fees payable to SEBI from July 18, 2022, onwards, which is collected by Exchange on behalf of SEBI. Accordingly, the members may note that from July 18, 2022, onwards, the Exchange shall collect GST @ 18% on fees payable to SEBI.
Further, SEBI has advised the Exchange to direct the trading members to levy GST @ 18% on the fees payable to SEBI, from their clients from July 18, 2022, onwards by taking any appropriate/extraordinary measures till necessary changes in the systems are in place.
Accordingly, trading members are advised to levy GST @18% on fees payable to SEBI from their clients from July 18, 2022 onwards.
Trading Members are requested to take note of the same and comply accordingly.
In case of any clarifications, you may write on email : membership.ops@bseindia.com
Johnson Chiriyath Abhijit Pai
Addl. GM Dy.Gen.Manager
Membership Operations Membership Compliance &
Investor Services |