Applicability of stamp duty on Advance Bank Guarantee and Performance Bank Guarantee in Maharashtra?

This query is : Resolved

Quick Summary

Discusses stamp duty on Advance & Performance Bank Guarantees in Maharashtra. Duty is 0.1% up to Rs.10 lakh and 0.2% above Rs.10 lakh; certain secured cases may attract 0.3%, subject to conditions and caps as per govt notifications.

vikas

vikas (Querist)
Follow

19 August 2025 Dear All.

Do you have any information on the applicability of stamp duty on Advance Bank Guarantee and Performance Bank Guarantee in Maharashtra?

Please provide the latest notification, the percentage (0.1% or 0.3%), and threshold limits, if any. ( applicable for below and above guarantee amount)

Best Regards,

Vikas Lohar –

Dhirajlal Rambhia

Dhirajlal Rambhia (Expert)
Follow

19 August 2025 Notification Date: Maharashtra government issued Order No. 5 / Stamp No. 21 /Case No. 06/Twenty16/480/Twenty21 on October 27, 2021, clarifying applicability for bank guarantees, confirmed in a 2023 circular.
or Bank Guarantees (including both Advance and Performance):

Up to ₹10 lakh: Stamp duty is 0.1% of the guarantee amount (minimum ₹100).

Above ₹10 lakh: Stamp duty is 0.2% of the guarantee amount.

For certain types of collateral (e.g., title deeds deposited as security), above ₹5 lakh stamp duty increases to 0.3%, with a maximum cap for certain documents.

If you need the actual official circular or notification PDF, you may refer to NeSL Circular No.: NeSL/FC/Twenty23/0083 dated June 20, 2023, or visit the official Inspector General of Registration, Maharashtra website.

Message likes : 1 times

Dhirajlal Rambhia

Dhirajlal Rambhia (Expert)
Follow

23 September 2025 Good luck....

You need to be the querist or approved CAclub expert to take part in this query .
Click here to login now

Join the CA Students WhatsApp Community for ICAI Updates, Trending Courses & Notes!

Similar Resolved Queries

Unanswered Queries

Popular
Recent

Trending Online Classes

Direct Tax Laws & International Taxation May 26,Sept 26 & Jan 27

CA Arvind Tuli

Enroll Now
Audit Fast Track Recorded Batch For May 26,Sept 26 & Jan 27

CA Aarti Lahoti

Enroll Now
DT & Audit (Exam Oriented Fastrack Batch) - For May 26 Exams and onwards Full English

CA Bhanwar Borana & CA Shubham Keswani

Enroll Now

view all classess

Meet our CAclubindia PRO Members

tpksathyan narayanan

S D Kannan

ASIM ATREY AND ASSOCIATES

Tanishka Khandelwal

Vimlesh kumar

Subscribe Now

Applicability of stamp duty on Advance Bank Guarantee and Performance Bank Guarantee in Maharashtra?

Similar Resolved Queries

Trending Online Classes

Meet our CAclubindia PRO Members

Quick Links

Browse by Category

Latest Job Openings

Senior Executive

Manager- Finance and Compliance

GST CONSULTANT

GST CONSULTANCY

Accountant

CA Final

Article Assistant

Associate CA