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Stamp duty payment.

Kaushal Parmar (32 Points)

13 April 2021

What is the procedure to pay stamp duty on issue of shares online through Govt. Receipt Accounting System (GRAS) ?

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CA. Sourav Sarkar (Chartered Accountant ) (24588 Points)
Replied 13 April 2021

If new shares and/or debentures are issued; ... Stamp Duty to be paid on the market value of the shares and debentures. Rate of Stamp Duty will be 0.005 % of the market value both for shares and debentures

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Kaushal Parmar (32 Points)
Replied 13 April 2021

I know the law we have to pay 0.005% of market value, but what is the procedure to make payment ? If you can share the challan it will be of great help sir.

Ankit Neema (2742 Points)
Replied 13 April 2021

I will suggest you to visit to office of CA,after seeing the documents he will guide you

ravipati swathi chowdary (4 Points)
Replied 14 April 2021

You can log onto the website of the authorised bank, currently IDBI Bank, click the link for payment of stamp duty/registration fees. Enter the details and pay the duty through your Internet banking account. You can get the eSBTR on giving a printout of proof of payment online at nominated branches of the bank.