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How to pay stamp duty on share transfer online

harshal maru (4 Points)

31 March 2017

hi can anyone help me how to pay stamp dutyon share transfer online on gras.mahakosh.gov.in/

in which department should i pay this fee

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10 Replies

Dhirajlal Rambhia (SEO Sai Gr. Hosp.) (160332 Points)
Replied 01 April 2017

Refer : https://www.moneylife.in/article/how-to-get-physical-shares-transferred-and-converted-into-demat/40305.H T M L

for complete details.

1 Like

harshal maru (4 Points)
Replied 11 April 2017

Thank you for your help

Dhirajlal Rambhia (SEO Sai Gr. Hosp.) (160332 Points)
Replied 11 April 2017

Most welcome

himani saxena (Student CA IPC / IPCC) (28 Points)
Replied 20 April 2018

I am not able to open the link, please help me out.

Dhirajlal Rambhia (SEO Sai Gr. Hosp.) (160332 Points)
Replied 20 April 2018

1. Send the share certificates along with the Share Transfer Deed (Form SH-4 available with stock exchange and brokers) duly filled in, executed and affixed with appropriate share transfer stamps (available with authorised stamp vendors) at 0.25% of the market value (of the scrip) on the date of execution of the transfer deed. Self certified copy of the PAN Card of the transferee(s) needs to be submitted along with the instrument(s) of transfer and Stamp duty has to be affixed.

Since 1 July 2002, Maharashtra government has banned sale and use of share transfer stamps and mandated franking for such deeds. Franking now happens at Town Hall General Stamp office or other central offices of collectorate of stamp fees within Maharashtra State, through online registration or without online registration. The process can be found at https://gras.mahakosh.gov.in. i.e. https://gras.mahakosh.gov.in/echallan/challan/views/frmDeptechallan_entry.php

I. Select Pay without registration

II. Select Department as Inspector General of registration

III. In payment type, select Non Judicial Stamps

IV. Select the appropriate location in District

V. In office name, select General Stamp Office Mumbai

VI. In Scheme Name, select 'Purchase of franking code SOS Mumbai only'

VII. Select year as 2014 - 2015

VIII. In Article Code, select One time Adhoc

IX. Fill in the Amount

X. Give Payee details

XI. Select e-payment/Bank

XII. Fill in image text

XIII. Click on Submit

XIV. Print GRN MTR6 Challan

Take this printout with your share transfer form to the office to get your stamp fee franked on your transfer form.

you will have to carry a letter addressed to the Additional Collector (Stamps) in following format...

From:

_________

The Additional Collector Stamps

General Stamp Office Fort

Mumbai 23

Sub:- To Affix Special Adhesive Stamps on Share transfer form

Respected Sir,

With reference to the above mentioned subject, I have to state that I have paid stamp duty of Rs.________________ as per MTR Challan No 6 (GRN No. __________________________)

I hereby request you kind selves to kindly affix the requisite stamp duty on the same.

Yours Faithfully

(Note: For Shares, stamp duty @ 0.25% of the market value or the consideration amount (whichever is higher) should be affixed on the instrument of transfer.)

Here is the checklist for getting your deed franked

Covering letter to the Additional Collector Stamps. Two copies, one to submit and second for receipt of the office and collection next day.
MTR 6 Challan with the GRN No if you have done e payment
Share transfer form

Every share transfer form that has to be franked requires the above process.

After getting the deed franked, the investor can send the share certificates (physical shares) and the share transfer deed (in form SH-4) duly filled in and signed to the company or registrar. It takes about 10 to 21 days to process the transfer.

Once you receive shares transferred in your name...... follow.....

How-of-Converting-Physical-Share-Certificates-in-Demat-Form

1 Like

surinder (dr) (23 Points)
Replied 10 November 2018

Can Delhi resident pay stamp duty through gras.mahakosh.gov.in portal?

Dhirajlal Rambhia (SEO Sai Gr. Hosp.) (160332 Points)
Replied 27 November 2018

No. For Delhi follow the steps.....

Procedure for Online Payment & Collection of e-Stamp Certificate from the nearest SHCIL Branch
(Applicable for payment of Stamp Duty of any amount)

1. Please visit our website www.shcilestamp.com
2. User registration is free.
3. Valid e-mail ID & Mobile Number is required to register.
4. Please click on the “Online Payment” option on the webpage
5. For the first time new users, please click on “Register Now”
6. Enter your credentials to create User ID & Password
7. After successful registration, an activation link will be sent on the registered e-mail ID for User ID
& Password activation. Click on the activation link to complete the registration process.
8. Login Online Module by using your activated User ID and Password.
9. Select ”Delhi” from the State drop down menu than Select “Nearest SHCIL Branch” option &
provide mandatory details like “First Party Name, Second Party Name, Article No, Stamp Duty Paid
By & Stamp Duty Amount” for generation of Online Reference Acknowledgement No. of any
amount for payment through Net Banking/Debit Card/NEFT/RTGS/FT.
10. Citizens are required to carry print out of the Online Reference Acknowledgement No. & are
requested to visit the nearest StockHolding Branch to take final print out of the e-Stamp Certificate.
11. Online payment options available to the Citizens of Delhi are NEFT/ RTGS/ Netbanking/Debit Card
(Visa/MasterCard/Maestro/RuPay).
12. Citizens have to bear the actual Bank/Payment gateway charges.