https://www.taxtmi.com/article/detailed?id=8364 The Bill creates a centralized collection regime for stamp duty on securities: stock exchanges or authorized clearing corporations collect duty from buyers on sales through exchanges; depositories collect duty from transferors for off-exchange transfers and from issuers on allotment lists for issues. Collected duties are chargeable as per Schedule I, instruments so covered need not be separately stamped, and infrastructure entities must transfer duties monthly to the State of buyer domicile after permitted facilitation deductions, submit transaction details as required, and comply with prescribed rules. en-us Mon, 04 Feb 2019 07:10:40 +0530 Mon, 04 Feb 2019 07:10:40 +0530 TaxTMI RSS Generator https://www.taxtmi.com/article/detailed?id=8364 The Bill creates a centralized collection regime for stamp duty on securities: stock exchanges or authorized clearing corporations collect duty from buyers on sales through exchanges; depositories collect duty from transferors for off-exchange transfers and from issuers on allotment lists for issues. Collected duties are chargeable as per Schedule I, instruments so covered need not be separately stamped, and infrastructure entities must transfer duties monthly to the State of buyer domicile after permitted facilitation deductions, submit transaction details as required, and comply with prescribed rules. Articles Budget - Tax Proposals Mon, 04 Feb 2019 07:10:40 +0530 https://www.taxtmi.com/article/detailed?id=8364