Commodities transaction tax: recognised associations must remit collected tax via authorised banks accompanied by a challan. Every recognised association obliged to collect commodities transaction tax must remit the tax to the Central Government's account through deposit into an authorised banking channel, accompanied by a commodities transaction tax challan, thereby tying the collection duty to a prescribed payment method and documentary requirement.
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Provisions expressly mentioned in the judgment/order text.
Commodities transaction tax: recognised associations must remit collected tax via authorised banks accompanied by a challan.
Every recognised association obliged to collect commodities transaction tax must remit the tax to the Central Government's account through deposit into an authorised banking channel, accompanied by a commodities transaction tax challan, thereby tying the collection duty to a prescribed payment method and documentary requirement.
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