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of <h1>Finance Bill 2020 Expands Commodity Transaction Tax to Include Options in Goods and Commodity Futures at New Rates.</h1> The Finance Bill, 2020 proposes to expand the scope of the Commodity Transaction Tax (CTT) initially introduced in 2013. The changes aim to align CTT provisions with the evolving commodity derivative market by including new products like 'options in goods' and 'commodity futures' based on price indices. The amendments suggest specific CTT rates for these new transactions, such as 0.01% for commodity derivatives and varying rates for options in goods based on delivery conditions. The bill also updates definitions and references in the Finance Act, 2013, to reflect these changes, effective from April 1, 2020.
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