What is Digital Stamping?

Stamping is the process of paying a fee, known as stamp duty, to the government for legal documents such as agreements, contracts, and deeds. It serves as a legal transaction record and is mandatory in many countries, including India.

Is Digital Stamping valid in India?

As per Sec 4 of the IT Act (2000), electronic records are enforceable. The Indian government has authorized certain service providers to offer digital stamping services, which allows individuals and businesses to pay stamp duty online for legal documents such as agreements, contracts, and deeds. Digital stamping ensures compliance with Indian stamping laws and offers a fast and secure alternative to traditional stamp duty payment methods.

Who determines the applicable stamp duty for any purpose/document type?

The Indian Stamp Act (1899) authorizes the states to stipulate the amount of stamp duty payable based on the type of transaction/purpose /document. Thus, the Stamp Act and stamp duty vary in each state. We procure stamps for whatever stamp duty you determine is applicable in any state and advise that you refer to the respective stamp act before placing an order.

How do we ensure the authenticity of stamps procured for you?

SpotDraft's EStamping ensures a secure and seamless EStamp procurement process. We procure stamps only from authorized vendors and assist in online verification. Your stamped contracts are completely authentic and tamper-proof.

What information do you need to provide while placing an order for stamps?

Each state may have different rules for providing information while procuring stamps. Generally, the name and address of the procuring party, purpose/document type, name/role of the counterparty, PAN of the procuring entity, stamp denomination, etc., are required across states. In addition, we need the volume of stamps to be procured in case of bulk orders.