Commodities transaction tax: revised schedule allocates rates and payer liabilities for derivatives and option transactions.

The amendment substitutes the Table in section 117 to prescribe a revised commodities transaction tax framework effective from 1 April 2020, listing transaction categories (sales of commodity derivatives, derivatives based on derivative indices, options on commodity derivatives, and options in goods), associated percentage rates, and the party liable to pay-sellers for sales and purchasers where options are exercised-thereby restructuring the charge and allocation of liability under the commodities transaction tax.

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