CBDT notifies Format, Procedure & Guidelines for submission of STT return electronically

Notification No. 2 of 2022, dated 24-06-2022

The Central Board of Direct Taxes (CBDT) has notified Format, Procedure, and Guidelines for submission of Form No. 1, Form No. 2 and Form No. 2A for Securities Transaction Tax (STT) electronically. The revised Form Nos 1, 2, and 2A are required to be signed, verified and furnished by the class of the person responsible as defined in the Securities Transaction Rules, 2004.

Earlier, the Board vide notification No. 9/2022, dated 18-01-2022, has amended the Securities Transaction Tax (STT) Rules, 2004 wherein the sub-rule (2) to Rule 7 was substituted to mandate the electronic filing of STT returns.

All the Reporting Institutions (class of person responsible) as defined in the SecuritiesTransaction Rules 2004 and further modified by Notification dated 18-01-2022 are required to prepare the data file in the prescribed format from their internal system. Reporting Institutions are required to submit the data files using SFTP Server using the login credential.

STT returns shall be furnished on or before 30th June, immediately following the Financial Year in which the transaction has been recorded.

Click Here To Read The Full Notification