Stock exchanges and persons dealing in securities market to pay 18% GST on SEBI’s fee – 18th July, 2022

SEBI, vide its Circular dated 18^th July, 2022 informed that exemption granted for payment of GST on services by SEBI has been withdrawn.

The decision has been taken after recommendation made by GST Council in its meeting held on 28^th June, 2022 and 29^th June, 2022 to withdraw the exemption granted to services by SEBI. The same has been notified on 13^th July, 2022. Therefore, 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 per cent with effect from 18^th July, 2022.