https://www.taxtmi.com/news?id=21143 Amendments to the Indian Stamp Act, 1899 create a centralised mechanism authorising stock exchanges, clearing corporations or depositories to collect stamp duty on securities at one place on behalf of States, allocate proceeds to States based on buyer domicile, limit duty to one side of a transaction, define taxable bases for different instruments, exclude government securities, prevent multiple incidence on secondary records, grant rulemaking and penalty powers, provide commission to collectors, and propose an Article 263 Coordination Council for inter state coordination. en-us Thu, 21 Feb 2019 18:41:03 +0530 Thu, 21 Feb 2019 18:41:03 +0530 TaxTMI RSS Generator https://www.taxtmi.com/news?id=21143 Amendments to the Indian Stamp Act, 1899 create a centralised mechanism authorising stock exchanges, clearing corporations or depositories to collect stamp duty on securities at one place on behalf of States, allocate proceeds to States based on buyer domicile, limit duty to one side of a transaction, define taxable bases for different instruments, exclude government securities, prevent multiple incidence on secondary records, grant rulemaking and penalty powers, provide commission to collectors, and propose an Article 263 Coordination Council for inter state coordination. News - Thu, 21 Feb 2019 18:41:03 +0530 https://www.taxtmi.com/news?id=21143