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Tax (Rate) dated July 13, 2022, has notified that the GST exemption granted to the services provided by SEBI is being withdrawn with effect from July 18, 2022.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 the SEBI shall be subject to GST with effect from July 18, 2022.
In line with that respective exchanges have came out with relavent circulars NSE, MCX.
W.e.f 18th July 2022 SEBI charges will be revised from Rs 10/Crore to Rs 10/Crore +GST (i,e Rs 11.8/Crore).
