The Securities and Exchange Board of India (Sebi) has made a representation to the secretariat of the Goods and Services Tax (GST) Council to resolve long-standing tax issues faced by investors trading in physically settled commodity derivatives. “There are problems that we have flagged in commodity derivatives physically settled in general, which has got some real GST issues and we want the GST council to look at them and we have some solutions that we have posed to the Revenue Department, which is a secretariat for the GST council,” said Sebi chief Tuhin Kanta Pandey on the sidelines of the IMC Capital Markets Conference 2026 on Monday.