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E-Stamping Facility Yet To be Fully Implemented In Odisha: Finance Minister


21 October 2018

Mohammed Ishtiyaque


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Bhubaneswar: While the State Government is grappling with the shortage of both judicial and non-judicial stamp papers, the e-stamping mode of collection of stamp duty is yet to be fully implemented across the State, said Finance Minister Sashi Bhusan Behera today.

He further said the State government is in contact with the India Security Press at Nashik Road and deliberating over its demanded deposit for supply of stamp paper.

Reportedly, around Rs 3 crore is pending as dues to India Security Press. Besides, the funds sanctioned by the State Government are not sufficient to meet requirement of stamp papers from November to January 2019.

The Odisha government had on June 7, 2016, signed an agreement with the Stock Holding Corporation of India Limited (SHCIL) to introduce e-stamping as another mode of collecting stamp duty.

The facility was inaugurated by the then Revenue Minister Bijayshree Routray on June 27, 2016. It was first introduced in Bhubaneswar and Rourkela. The government hoped that with introduction of e-stamping the revenue collection on stamp duty will grow as there would be no scope for any fraudulent transaction.

The e-stamping is electronically generated stamp paper which could be used by the registrant public as a safe and secure method of paying stamp duty for any purpose without physical purchase of stamp paper.

Its aim is to provide hassle-free payment of stamp duty for the public and save the cost of printing, storage and transportation of stamp papers for the State government.

The Board of Revenue, Orissa, in a press release has stated that the e-stamps shall be issued for payment of stamp duties for amount exceeding Rs 1,000 and it is an optional mode of payment of government revenue in shape of stamp duty.

Also Read: BJP Generating Funds For 2019 Polls Through Hike In Petrol, Diesel Prices: Odisha Finance Minister

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Sashi Bhusan Behera, Minister, Finance, Odisha