Collection and recovery of commodities transaction tax

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Full Text of the Document

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....to a taxable commodities transaction in that ^1A[recognised stock exchange] at the rate specified in section 117. (2) The commodities transaction tax collected during any calendar month in accordance with the provisions of sub-section (1) shall be paid by every assessee to the credit of the Central Government by the seventh day of the month immediately following the said calendar month. (3) ....