Procedure for E- stamping
- First, you will have to go to the SHCIL website, www.shcilestamp.com, and check if your state government allows e-stamping. …
- If the option is available in your state, you will have to fill an application form at an ACC. …
- This form is to be submitted along with payment for the stamp certificate.
the share transfer is exempt from Stamp Duty and no relief is being claimed, or. the amount paid for the shares is not a chargeable consideration.
In the case of dematerialized shares the responsibilities of collecting stamp duty in case sale/transfer of shares are on the stock exchange, clearing corporation, and depository, as the case may be. When the physical shares are transferred, stamp duty is paid in form of adhesive stamps affixed on SH-4.
Can you pay stamp duty directly to HMRC?
Temporary measures have been put in place to stop the spread of coronavirus (COVID-19) – you must now pay Stamp Duty electronically by Faster Payment, Bacs or CHAPS, and send transaction details to HMRC by email rather than post.
The procedure for making payment of stamp duty and registration through GRAS which is as below;
- Visit GRAS website https://gras.mahakosh.gov.in.
- Click Pay without Registration.
- Select payment mode as e-payment.
- Select Department name as Inspector General of Registration.
If you buy shares in a UK company while you’re abroad, you still have to pay Stamp Duty, and get the transfer documents stamped. If you do not do this within the time limits you may have to pay a penalty and interest. If you buy foreign shares you do not have to pay Stamp Duty.
Stamp duty is chargeable on the transfer of shares or marketable securities at the rate of 1% of the share value.