Stamp Duty is the source of revenue that is collected by the Board of Revenue for the government. Traditional methods of collecting the stamp duty had loophole and gaps and it was tough for the board to collect it with full transparency. The collection often used to get delayed and the failure proceeded the way to E-Stamping that has now changed the whole system of stamp duty
PITB
PITB Punjab In
formation Technology Board has introduced a new way to collect the stamp duty via e-stamping online. Punjab Government is on its way to support the nation by bringing in the new technologies in the system to facilitate the people. E-Stamping
The e-stamping method has brought a revolution in the whole system by making it easier for the investors, buyers, and sellers to pay the stamp duty and it has become easier for the board of revenue too to collect the revenue from Punjab. PITB is fully focused on digitizing the province and bringing ease in the lives of the people. E-Stamping can be availed for both judicial and Non-Judicial stamp papers. E-stamping helps in generating the stamp paper and challan form number 32-A that is necessary for paying stamping fee. With this initiative, the tiring process of two to three days has been changed into an efficient and quick online process. Generates Challan form number 32-A
Payment of CVT
Payment of registration and comparison fee
Calculates a property’s value as per Deputy Commissioner’s rates
Reprints the existing challan
Payment of deficient stamp duty
Penalty on e-stamp
Verifies the e-stamping papers online
How to get stamp paper via the E-Stamp Punjab? Follow these easy steps to get a stamp paper via e-stamp Punjab app
Go to the e-stamp Punjab online
Fill the challan form number 32-A
Take a print of the form after filling the correct information
Visit any branch of Bank of Punjab
Pay the Stamp Duty
Submit the challan form number 32-A
Get the stamp paper right in place
Verify the stamp paper via e-stamp Punjab
Significance of E-Stamp Punjab
E-Stamp Punjab would help in having clear transactions and provide the data of all the transactions online. Make sure to avail of the services of the E-Stamp any time one is buying, selling, renting a property, or making a transaction. The objective of E-Stamp Punjab
The main objective behind bringing in the e-stamping Punjab is to have transparency in the process of collection of stamp duty. The other objectives behind launching the app are as follow
Lessen the use of paper
Leakage of government revenues
Transparency
No more visits to the Board of Revenue
Corruption free system
Online Verification
No more data lost related issues
Bringing ease for the province Punjab
Making Punjab digitized
The government of Punjab is heading towards the digitization of the province by bringing in smart and new technologies to assist the people in every field of life
