Commodity transaction tax rates revised to specify taxable events, payer allocation and exercise-stage levies under section 117. Substitution of the Table in section 117 prescribes seven taxable commodities transaction categories, assigns corresponding levy rates and specifies payer ... Summary
Commodity transaction tax rates revised to specify taxable events, payer allocation and exercise-stage levies under section 117.
Substitution of the Table in section 117 prescribes seven taxable commodities transaction categories, assigns corresponding levy rates and specifies payer responsibility for each category, distinguishing sales (liability on seller) from option exercise outcomes (liability on purchaser), effective from 1st April, 2020.
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