In the case of Karnataka, the stamp delegate issues a licence to cooperatives and credit unions authorized to sell electronic stamps. There are several e-commerce portals such as the VATA e-letter and rental agreements that sell e-stamps online and provide them at the front door for one or more states. All buffer-related data is stored by SHCIL. However, the biggest advantage of using electronic stamps is that their authenticity can be verified online. Each e-stamp document is provided with a unique identification number (UIN) to verify its authenticity on the e-stamp site www.shcilestamp.com. Stamps are the legal certification offered by the GOI to carry out the various transactions between the parties (buyers and sellers). In other words, stamp duty is a tax paid for all documents intended to create, delete, transfer, extend or register a right or liability. Stamp duty is calculated on the basis of the market value or contract value of the good (which is higher). It can only be paid on the content of the registration document and not on the transaction value. In addition, it is levied on any agreement and not on any person who is part of the transaction. Note: If you buy e-stamp paper for partnership, rental agreement, real estate-related items, in this case, mention the address of the relevant property associated with it. Even the address column here is only for e-stamp paper purpose, the delivery address will be different that you need to specify on the control page.
E-stamping is a computerized application for the collection of stamp duty. It provides a secure electronic method of stamping documents and prevents the expiration of government revenues. The electronic stamp system allows the storage of information in protected electronic form and creates a central database for simple verification. The electronic stamp system allows the Karnataka State Government and the public to produce management information system (MIS) reports online. . . .