Budget update for Traders: Uniform stamp duty for all, rates on an average goes down

[vishnux]

Is that even a thing for retailer ? IF so everyone would have already cancelled it lol

[nithin]

@Curious-Investor

Any update on till when the uniform stamp duty will be applicable?
Also, can brokers and other members ask the govt to cap the stamp duty like few states like Assam do. Charging on ad valorem basis makes scalping and day trading on Futures difficult.

Also, is it for retail traders to instruct their brokers not to generate Contract notes just like props, so as to escape huge stamp duty?

All states have to first agree on one common stamp duty, remember how much time GST took. I guess this will all take time. Ideally there should be no stamp duty on these, but since already state Govt’s make so much, I doubt if there is any way around it.

Of course it is not possible to avoid contract notes. It is like you saying, can you avoid giving a bill at your restaurant.

[gpgane]

Any updates on this ?

[kars]

Uniform stamp duty for all states from Jan 9th, 2020

Update: The Government has revised the date of implementation of the uniform stamp duty from January 09 to April 01,2020. Here’s the notification of the same: https://www1.nseindia.com/content/circulars/CMPT43164.zip

[Vicky]

Guys, Can someone confirm if there is any change in uniform stamp duty ? I am from Tamil Nadu and there is a huge change in currency trading. Preparing myself to trade on currency from Apr 1

[A_K_RAGHAVENDRAN]

guys any updates?

[lotus]

@A_K_RAGHAVENDRAN,

Govt extends implementation of uniform stamp duty for capital market instruments to July 1.