Collection and recovery of commodities transaction tax.

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..... ties transaction tax. 106. (1) Every recognised association (hereinafter in this Chapter referred to as assessee) shall collect the commodities transaction tax from the seller or the purchaser, as the .....

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..... dar month. (3) Any assessee who fails to collect the tax in accordance with the provisions of subsection (1) shall, notwithstanding such failure, be liable to pay the tax to the credit of the Central .....

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