Request Details

Implementation date of the reduction in Securities Transaction Tax (STT) charges

66M7UPJ5 Please keep this reference code. You will need it to check on the status of this request.
Government level: Government of India (India)
Addressed to: Deepak Garg
9TH FLOOR LOK NAYAK BHAWAN, KHAN MARKET, New Delhi , DL 110003
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The July 2019 budget included a clause about reduction in Securities Transaction Tax (STT) stating that the new STT will be only applied on the premium ( Strike price - Actual price) of the option.

 This change has not been implemented yet. But many websites have said that this change was effective from July 5,2019.

My questions are :

1. When will this change be implemented.

2. Why was this change not effective immediately like many other tax reforms.