Clause 105 - Extent, commencement and application - FINANCE BILL, 2013

CHAPTER VII

COMMODITIES TRANSACTION TAX

Extent, commencement and application 

     105. (1) This Chapter extends to the whole of India.

          (2) It shall come into force on such date as the Central Government may, by notification in the Official Gazette, appoint.

          (3) It shall apply to taxable commodities transactions entered into on or after the commencement of this Chapter.

 

 

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Notes on Clauses:

Chapter VII of the Bill seeks to provide for levy, collection and recovery of Commodities Transaction Tax.