Commodity Transaction Tax

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  Budget 2019: Commodity Traders Seek Simpler Taxes To Boost Trade, Revenue

  Commodity traders sought relief from double taxation as the Modi government prepares for the maiden budget in its second term.

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  MCX Wants Government to Scrap Commodity Transaction Tax

  CTT increased the cost of trading of exchange traded derivatives by almost 300%.

• Regulator asks investors to live with commodity transaction tax

  Amid a sharp fall in trade volumes after imposition of commodity transaction tax (CTT), the Forward Markets Commission (FMC) said on Thursday that there is no thinking on reversing this tax, but several reforms are being considered to encourage participation.

• India to levy commodities transaction tax from July 1

  India, the world's biggest buyer of gold, will levy 0.01 per cent commodities transaction tax on futures contracts of non-agricultural commodities like precious metals, base metals, oil and gas, from July 1.

• Commodity transaction tax will hit volumes significantly: MCX

  Shreekant Javalgekar, MD and CEO of MCX, puts out a very strong pitch against the imposition of the commodity transaction tax (CTT) on non-agricultural goods. He says that the CTT will drive away volumes to 'dabba' market and overseas locations.

• Budget 2013: Proposed commodities transaction tax to hit MCX volumes

  The government on Thursday proposed imposing a transaction tax on futures contracts of non-agricultural commodities like gold, silver and base metals -- a move that could pull down the turnover of commodity exchanges, and mainly that of market leader Multi Commodity Exchange (MCX).

• Commodity transaction tax will promote 'dabba' trade: Industry

  Any transaction tax on commodity derivatives will shift the declining business to either illegal 'dabba' trading or overseas commodity exchanges, warned the industry representatives.

• MCX shares see profit booking, FTIL falls 5%

  Rich valuations and the possibility of commodities transaction tax is adding to selling pressure on the counter.

• Bourses fear Rs 150 trillion-loss on commodity transaction tax

  "The imposition of a Commodity Transaction Tax (CTT) will have a retrograde effect on the commodity futures market. Almost all the business will be lost and trading will shift to dabba," MCX Chairman Venkat Chary said.

• Consumer Affairs Ministry opposes commodity transaction tax

  Food and Consumer Affairs Minister has written a letter against a tax on common derivatives.

• Govt scraps Commodity Transaction Tax

  The government today abolished the Commodity Transaction Tax that was announced in the Budget last year.