Interest/Penalty on Late payment of Stamp Duty.

Hi.
What is the Interest rate and/or penalty on the Late Payment of Stamp Duty on Issue of Share Certificate and Transfer of Shares in Maharashtra?
Thank you in advance.
Replies (2)
Quick Summary
This discussion clarifies the penalties for late Stamp Duty payments in Maharashtra, specifically concerning share certificates and transfers. While Stamp Duty is typically due before or on the next working day of execution, delays incur a penalty of 2% per month, capped at 200% of the outstanding amount. The query also seeks to confirm if the 30-day window for obtaining Stamp Duty affects the penalty calculation period.

Stamp duty is payable before the execution of transactions. one can also pay the stamp duty on the next working day of the date of execution of the transaction. Any further delay in the payment of stamp duty will attract a penalty at 2% per month upto a maximum of 200% of the remaining amount

 

Thank you Sir.
As the stamp duty can be obtained within 30 days from the issue of Shares. So, the penalty amount has to be calculated after the expiry of 30 days or from the date of issue of shares?

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