Applicability of Securities Transaction Tax under interoperability framework among Clearing Corporations

Jun 10, 2019 | by Avantis RegTech Legal Research Team


The National Stock Exchange of India (NSE) on June 07, 2019, has issued a Circular to give clarification regarding the applicability of Securities Transaction Tax (STT) on trades done on the multiple stock exchanges which are settled under interoperability framework among Clearing Corporations.

It is clarified that the STT on trades done on the multiple stock exchanges which are settled under interoperability framework shall continue to be levied, as at present, as per the provisions of Section 98 of the Finance Act, 2004.

In case of any clarifications the trading members may write or contact the undersigned or Ms. Swati Murkya on [email protected] or 022-26598100 Ext.23082 or Ext. 23089.

[Circular Ref. No: 1/2019]

Click here to download the Circular.


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