India: Punjab to introduce e-Stamping

In order to revamp the system of collection of stamp duty, the Government of Punjab will soon sign an agreement with Stock Holding Corporation of India Limited (SHCIL) to launch and implement e-Stamping across the state.

The e-Stamping system will be also 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 is a web-based application which allows the public to pay their 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.