Kerala Government to Introduce E Stamping to stop Malpractices

E Stamping would be introduced in the state to preempt increasing incidents of stamp paper frauds.

The Cabinet on Wednesday approved an amendment to the Kerala Stamp Act, 1959 to facilitate introduction of the e-stamping project which involves electronic payment of stamp duty to the government. Registered vendors can transact e-stamp certificates.

The e-Stamping facility will do away with the need for non-judicial stamp papers for registration purposes. Instead, details will be entered online through a software customised for the purpose. Money can be paid either online or at the Treasury and the transaction will generate a challan receipt which should then be produced at the sub-registrar office.

The online registration process will not only increase transparency but will also do away with the need for vendors. Vendors argue that the only intention of the state is to steal vendors of their commission

Once e-stamping comes into force, vendors will find themselves in the position of bar workers after the liquor ban. The chief minister, however, did not elaborate on the rehabilitation measures for vendors. Finance minister K. M. Mani had earlier assured that the vendors would be part of the e-stamping. However, sources in the Registration Department said that steps had not been taken to provide training for stamp vendors

Some of the major advantages of e-stamping are: it can be generated within minutes; it cannot be tampered with; and its authenticity can be easily checked. The Treasury Department is the nodal agency for the project. The stamp paper can be availed online by people who remit the required fee at the Treasury.

src – : http://www.deccanchronicle.com/150625/nation-current-affairs/article/kerala-e-stamp-paper-end-fraud

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