The National Stock Exchange (NSE) has issued another circular on excess Securities Transaction Tax (STT) collected by the members with reference to circular dated 21st March, 2022, issued with respect to Excess STT Retained- NSE for the year FY 2019-20 and prior years. The present notification was issued on 27th January, 2023.
All the Members, Brokers/Sub-brokers are requested to furnish the details of such excess STT collected and retained with them for F.Y. 2020-21 and preceding years as of 31st March, 2020. These details shall be furnished directly to ‘NATIONAL STOCK EXCHANGE OF INDIA LTD’ under intimation to the office of the Vice-President of the NSE.
The letters may be captioned as ‘Excess STT Retained-NSE’.
This Circular must be complied within 7 days from its date of publication. The excess STT collected must be remitted along with interest @ 1% for every month’s delay. This remission shall be to ‘NATIONAL STOCK EXCHANGE OF INDIA LTD’ and shall be under intimation to the office of the Vice-President of the NSE and the NSE shall deposit the same to the Government Account immediately.