Payment of registration charges, stamp duties goes online.

Posted by Avenue.in on April 11, 2017
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registration charges digital payment stamp duty
Amaravati: In a significant step towards expanding the scope of digital payments, the Registration and Stamps Department (R&SD) started accepting the remittance of stamp duties, registration charges and other charges online across the State on Monday.

The online system which was successfully implemented in Visakhapatnam on a pilot basis is in addition to four other modes of remittances and not mandatory, according to official sources.

The government had accorded permission to the Inspector General of Registration and Stamps to restrict the use of non-judicial stamp papers of Rs. 100 denomination for registration of any document and payment of the stamp duties including transfer duties and registration charges through pay-in slips in the designated branches of banks of the 11 Sub-Registrar Offices (SRO) in the twin cities of Hyderabad and Ranga Reddy district of the combined State of A.P. Through a G.O. issued subsequently, it was implemented in the remaining SRO of the unified State.

In a memo to the District Registrars recently, Director and Inspector General of Registration and Stamps P. Venkata Rami Reddy said the above system had reduced the workload of handling bulk cash transactions in the SRO and minimised the risk of carrying huge amounts to the treasury banks by the staff.

However, it did not address the problem of carrying cash by the parties (registering public) to the bank branches concerned.

To overcome this difficulty, the R&SD implemented Internet banking in Visakhapatnam district to facilitate online payments to any bank branch located at any place. This enabled the department maintain up-to-date information on the revenue collections for any given period.

Krishna District Registrar G. Srinivasa Rao told that the payments would henceforth be directly credited to the accounts of the Government Treasury instead of through the SRO. People can continue to make payments through demand drafts, challans and non-judicial stamp papers of the specified denominations and through franking machines.

Source: The Hindu
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