How to Get an E-Stamping Certificate Online in India

Introduction

Digitalization in India has made paying stamp duty charges online much easier. This process is also known as e-stamping. The e-stamping system in India is simpler than all other traditional modes, but people still have many doubts about it. Openplot helps in understanding the details and legalities of e-stamping.

Table of Contents

• What is E-stamping in India?
• E-Stamping Latest Update in India
• Online Payment and E-Stamp Certificate Collection Process
• What Payment Modes Are Available in the E-Stamping System?
• Benefits of E-stamping in India

In the era of digitalization, e-stamping has replaced the old payment method of stamp duty charges levied by the government. E-stamping offers a more convenient and efficient way for individuals and businesses to pay stamp duty fees electronically. This shift has also helped reduce the risk of fraud and errors associated with traditional stamping methods.

E-stamping has made stamp duty payments faster and more transparent. It also allows for easier record-keeping and retrieval of stamp duty transactions. The introduction of e-stamping has made the entire payment process quick and hassle-free. The Goa government has recently shown interest in implementing an e-stamping facility in the union territory. This digital method of stamping documents eliminates the need for physical stamp papers and reduces the chances of fraud.

What is E-stamping in India?

E-Stamping is an online method of paying non-judicial stamp duty on property to the government. It replaced methods of paying stamp duty charges, including physical stamp paper and franking. Many state governments are already adopting online modes. This method not only reduces the chances of fraud and tampering but also makes the process more convenient for individuals and businesses. It also helps maintain a digital record of stamp duty payments for future reference.

Stock Holding Corporation of India Limited (SHCIL), the Central Record Keeping Agency (CRA), is responsible for grating e-stamp certificates in India. SHCIL appoints authorized collection centers (ACCs), which act as the middlemen between the CRA and stamp obligation payer to give e-stamp papers. There are a few ACC-approved focuses from particular state legislatures.

E-Stamping Latest Update in India

Goa’s Revenue Minister Atanasio Monserrate reviewed the department’s readiness for the e-stamp regime to be implemented by a centrally owned stockholding company. The minister emphasized the importance of a smooth transition to the e-stamp system to streamline revenue collection processes and reduce the possibility of fraud.

Attanasio Monserrate spoke about digitalization’s benefits in improving efficiency and transparency in the department. He emphasized that adequate training is required for the department’s staff to implement the new policy successfully. He said they should be made aware of the benefits of e-stamps. Monserrate mentioned plans to organize awareness campaigns to educate the public about using them effectively.

As per the May 2022 Goa e-stamping rules, the minister met with department officials to discuss its implementation. The Minister emphasized the importance of a smooth transition to the new e-stamping system and addressed any concerns raised by officials during the meeting.

A timeline is established for training sessions and system testing to ensure all stakeholders are ready for the upcoming changes. E-stamping brings more transparency. It is available to users 24/7. Provisions have been made for the issuance of e-stamp certificates and the collection of stamp duty online. All local stamp vendors may also be included in the new e-system.

Online Payment and E-Stamp Certificate Collection Process

Process of Collection of e-Stamp Certificates To complete online payment and collection of e-Stamp Certificates, users first select the required stamp duty and make payment through a secure online portal. Once the payment is verified, users will receive a digital copy of the e-stamp certificate via email. It can be downloaded for official use. Here is a step-by-step guide on how to apply for an e-stamp certificate.

• Visit the official shcilestamp.com website
• For new users, click on ‘Register Now.’
• Enter a valid email ID & mobile number to register.
• After successful registration, an activation link will be sent to the registered e-mail ID.
• Click on the activation link to complete the registration
• Select ‘STATE’ from the drop-down menu
• Select ‘Nearest SHCIL Branch’ option
• Enter the mandatory details like first party name, second party name, article number, and stamp duty paid
• by the amount of stamp duty and
• Click on the ‘Online Payment’ option
• You can make payments through Net Banking/Debit Card, NEFT, RTGS, or FT
• Online Reference Acknowledgment no. Take a printout of
• Visit the nearest stockholding branch to take the final printout of the e-stamp certificate

What Payment Modes Are Available in the E-Stamping System?

Payment modes available in the E-Stamping System include credit or debit card payments and online banking options. These provide users with convenient and secure ways to purchase e-stamps for various transactions.

Users can also make payments through mobile wallets or digital payment platforms. These multiple payment options cater to different preferences and ensure a seamless experience for users of the e-stamping system. A payer can also deposit the stamp duty amount through the following modes:

• Cash
• Cheque
• Demand Draft
• Pay Order
• RTGS
• NEFT
• Account to Account Transfer

Note: Stamp duty payments should be made in Indian rupees (INR) only. Before initiating the electronic transfer, you need to consult with the e-stamping center.

Benefits of E-Stamping in India

• The e-stamp certificate is generated in minutes. It is tamper-proof
• The authenticity of the e-stamp paper can be checked online.
• The e-stamp certificate contains a Unique Identification Number (UIN). This reduces the chances of duplication

You are required to pay stamp duty to buy or sell property in India. E-stamping is an electronic and secure method of paying non-judicial stamp duty to the government. It eliminates the need for physical stamp papers and helps prevent fraud. E-stamping is widely used across various states in India to streamline property transactions.

The government started in July 2013 to reduce errors and duplication. When e-stamping your documents, you must also pay the Indian e-stamp fee online. This new system aims to streamline processes and improve efficiency in the stamping process. It is important to ensure compliance with the regulations set by the government when using e-stamp for your documents.

Conclusion

E-stamping has not only streamlined the payment process but has also reduced the chances of fraud and tampering with stamp papers. It is a secure and efficient way to ensure proper documentation for legal transactions.

Implementing e-stamp has significantly improved transparency and accountability in paying stamp duty charges. This digital solution has modernized the traditional method of stamp paper usage. Making it more convenient for individuals and businesses.

Frequently Asked Questions