Collection and recovery of securities transaction tax.100. (1) Every recognised stock exchange shall collect the securities transaction tax from every person, being a purchaser or a seller, as the case may be, who enters into a taxable securities transaction in that stock exchange, at the rates specified in section 98.(2) The prescribed person
in the case of every Mutual Fund
[or insurance company] shall collect the securities transaction tax from every person who sells a unit to that Mutual Fund
[or insurance company], at the rate specified in section 98.
[(2A) The lead merchant banker appointed by the company in respect of an initial public offer shall collect the securities transaction tax from every person who enters into a taxable securities transaction referred to in sub-clause (
aa) of clause (
13) of section 97 at the rate specified in section 98.]
[(2B) The lead merchant banker appointed by the business trust in respect of an initial offer shall collect the securities transaction tax from every person who enters into a taxable securities transaction referred to in sub-clause (
ab) of clause (13) of section 97 at the rates specified in section 98.]
(3) The securities transaction tax collected during any calendar month in accordance with the provisions of sub-section (1) or sub-section (2)
[or sub-section (2A)]
[or sub-section (2B)], shall be paid by every recognised stock exchange or by the prescribed person
in the case of every Mutual Fund
[or insurance company][or the lead merchant banker in the case of an initial public offer]
[or an initial offer], as the case may be, to the credit of the Central Government by the seventh day of the month immediately following the
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