Punjab to introduce e-stamping to curb revenue leakageAugust 21st, 2008 - 6:31 pm ICT by IANS
Chandigarh, Aug 21 (IANS) To revamp the present system of collection of stamp duty and plug the leakage of revenue, the Punjab government Thursday announced that it would soon introduce e-stamping in the state.This decision was taken here at a meeting chaired by Punjab Chief Minister Parkash Singh Badal Thursday after a detailed presentation made by Arvinder Singh Bains, the director of land records settlement, consolidation and land acquisition.
Badal said that the e-stamping system would be applicable for all non-judicial stamp duty payments and was likely to be launched as a pilot project from the major cities of Punjab.
He hoped that e-stamping, being an excellent example of how technology could be used for the benefit of common man, would be a frontrunner in the upcoming e-governance projects in the near future.
The Punjab government would soon sign an agreement with Stock Holding Corporation of India Limited (SHCIL) to launch and implement e-stamping across the state.
Revenue officials pointed out that the e-stamping system to be implemented 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.