STOCK EXCHANGES, TRADING IN SECURITIES MARKET MUST PAY 18 PERCENT GST ON SEBI’s CHARGE

Market infrastructure institutions, including stock exchanges, and anyone dealing in the securities market would need to pay a GST of 18 percent on the fees collected by the regulator SEBI.

All the market infrastructure institutions, companies who have listed/are intending to list their securities, other intermediaries, and persons who are dealing in the securities market are hereby informed that the fees and other charges payable to Sebi shall be subject to GST (Goods and Services Tax) at the rate of 18 percent with effect from July 18, 2022.

This comes after the GST Council last month proposed to eliminate the exception provided to services by SEBI and the same was announced on July 13. Stock exchanges, clearing organizations, and depositories come under market infrastructure entities.

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