Securities Transaction Tax rules set VWAP and settlement mode valuation, mandate collection by exchanges and mutual fund trustees, and require prescribed returns. The draft STT Rules prescribe valuation methods for taxable securities transactions (VWAP for netted trades, trade price for trade for trade, and specified auction treatment), designate stock exchanges and mutual fund trustees as responsible for collection and remittance, require returns in prescribed Forms with schedule data on specified computer media by 30 June following the financial year, and set rounding, payment, notice, refund and appeals procedures including Forms No.1-5 and signatory and verification rules.
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Provisions expressly mentioned in the judgment/order text.
Securities Transaction Tax rules set VWAP and settlement mode valuation, mandate collection by exchanges and mutual fund trustees, and require prescribed returns.
The draft STT Rules prescribe valuation methods for taxable securities transactions (VWAP for netted trades, trade price for trade for trade, and specified auction treatment), designate stock exchanges and mutual fund trustees as responsible for collection and remittance, require returns in prescribed Forms with schedule data on specified computer media by 30 June following the financial year, and set rounding, payment, notice, refund and appeals procedures including Forms No.1-5 and signatory and verification rules.
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