Market infrastructure bodies or individuals trading in securities markets must now pay a GST rate of 18% on fees paid to market regulator SEBI. The new regulations will take effect from July 18. Monday’s announcement follows the GST committee’s recommendation that the exe be retired
In a statement today, Sebi said: “All market infrastructure institutions, companies that have listed their securities and/or intend to list their securities, other intermediaries and individuals trading in the securities markets, hereby notify SEBI of the fees and charges. Other charges are subject to GST at a rate of 18% from 18 July 2022.”
At its June 28-29 meeting this year, the GST Board recommended that SEBI’s service exemption be revoked, which was announced on July 13.