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Punjab to Introduce e-Stamping|
- By CXOtoday Staff, Aug 22, 2008 1147 hrs IST
- Tags : Punjab, e-stamping, Stock Holding Corporation of India Limited SHCIL
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In a bid to revamp the present system of collection of stamp duty and plug the leakage of revenue, the Punjab government on Thursday announced that it would soon introduce e-stamping in the state.
The Punjab government is soon going to sign an agreement with Stock Holding Corporation of India Limited (SHCIL) to launch and implement e-stamping across the state.
The e-stamping system would be applicable for all non-judicial stamp duty payments and will likely be launched as a pilot project from the major cities of Punjab.
The e-stamping system is a web-based application giving the public the convenience of paying stamp duty to the government without undergoing the hassles associated with the physical stamp paper and without the risk of losing revenue.
The certificate of stamp duty or the e-stamp could be printed by a specified printer once the software application receives the document details.
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