At present government has sanctioned new way of the stamp, i.e. called e-stamping. The comprehensive system of stamp paper/franking is now replaced by E-stamping system. Stamped papers are still in use; however, electronic versions are being developed to reduce the risk of fraud.
It is a computer-based and a secure way of paying non-judicial stamp duty to the government. Stamping is currently used in below-mentioned states, i.e. Odisha, Maharashtra, Karnataka, Delhi, Tamil Nadu, Rajasthan, Himachal Pradesh, etc. also available in some union territories.
In simple words, the e-stamping system can be determined as the collection of e-stamp duty via computer based application. The main intention of releasing such Delhi e-stamp papers online by the state government of Delhi is to tackle the threat posed by the fraudulent firms from selling duplicate e-stamp papers.
With the collaboration of the SHCIL (Stock Holding Corporation of India Ltd), the state government of Delhi introduced this e-stamping system in the city of Delhi. Jupiter Investments deliver the legitimate e-stamp papers which are authenticated by SHCIL.
Benefits of E-Stamp
- Can be collected quickly
- Cannot be tampered with
- The authenticity of the E-Stamp certificate can be checked
- Certificate has a Unique Identification Number
- The specific denomination is not needed.
- Anyone on the recommended site can check the e-stamp certificate.