Revenue stamps on cash payment

Others 180 views 1 replies

Mustaffa G

1 Points Joined August 2021

Hi,

Is cash collected at petrol pumps liable under stamp duty.

As hugh cash is collected at petrol pumps in small amounts, do they come under stamp duty act 1977.

What about digital transaction like Paytm, UPI and other net banking payments.

Please clearify.

Thank you in advance

Replies (1)

Without use of paper and online and automated transaction that take place between people to organization without use of paper and digital transaction bank card, USSD, AEPS, UPI, Mobile wallets, Bank pre-paid card, point of sale, and internet banking.