STAMP DUTY UNIFORMITY
CII proposes comprehensive reforms to streamline industrial land access in India
The Confederation of Indian Industry has presented a plan to fix issues in India's industrial land system. This aims to boost manufacturing by making land access easier and more transparent. The proposals include a national land bank and a digital single-window system. These changes are expected to speed up projects and attract more investment.
GIFT City vs Dubai vs Singapore: What you need to know while choosing your investment hub
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CII calls for GIS-enabled national land bank to ease industrial acquisitions
The Confederation of Indian Industry (CII) is advocating for a unified national industrial land bank. This initiative aims to create an online system simplifying land acquisition for factories. The proposed system will offer comprehensive land details. Reforms include standardized impact assessments and faster acquisition processes. Uniform stamp duty is also recommended to streamline investments across states.
Establish 'GST-like' industrial land council for dispute resolution: CII
Industry lobby CII proposes a National Industrial Land Council, mirroring the GST framework, to standardize regulations and resolve disputes. A key recommendation is a unified, GIS-enabled land bank for transparency and faster investment decisions. The report also advocates for uniform stamp duties and a digital single-window system to streamline industrial land processes across India.
CII suggests GIS-enabled land bank, uniform stamp duty to speed up acquisition
The Confederation of Indian Industry (CII) has proposed a unified national industrial land bank with a GIS-enabled system to streamline land acquisition for manufacturing. The proposal includes standardized social impact assessments, district-level acquisition cells, and a dispute registry to reduce timelines and enhance transparency.
Karnataka to end alcohol price controls from April 2026
Karnataka is set to overhaul its liquor tax system. Chief Minister Siddaramaiah announced reforms including an alcohol-content-based duty structure and deregulated pricing. The state aims for a Rs 45,000 crore revenue target from the excise sector by 2026-27. Technology will enhance monitoring and transparency. These changes will modernize the decades-old framework, simplifying business operations and boosting state finances.
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Physical transactions in securities to draw stamp duty
It further clarified that there will be no stamp duty when mutual fund houses create a segregated portfolio.
Redemption of MF units not to attract stamp duty but switching in MF will: Sebi
Sebi released the FAQs on stamp duty collection on Wednesday, with the provisions of the amended Indian Stamp Act coming into effect.
Govt to implement uniform stamp duty on transfer of capital market instruments from July 1
The government had introduced changes to the Stamp Duty Act last year.
Govt extends implementation of uniform stamp duty for capital market instruments to July 1
The finance ministry also clarified that there is no change in the financial year. "There is no extension of the Financial Year," said a finance ministry statement, clarifying that the notification issued by the department of revenue pertained to amendments in the Indian Stamp Act.
Share transfers to turn costlier from January next year
All transactions done on stock exchanges will have same stamp duty rates across the country.
In the works: Uniform stamp duty for financial instruments
The changes have been finalised to be made to the more than a century old stamp duty Act
Stamp Duty Act revamp on the cards
The department of economic affairs in the finance ministry has already held one round of discussion with states where it made a presentation on the proposed regime.
Maharashtra may cut stamp duty to stem flight of capital
For instance, even a copy of an executed agreement has to be stamped for its full value if the original agreement has not been stamped in the state, according to the Maharashtra Stamp Duty Act.
Budget 2012: Finance ministry plans new law for uniform stamp rate for all deals
The new Indian Stamp Duty Act to allow stock exchanges to collect stamp duty from the purchaser and pass it on to respective states
Govt to come out with market-friendly stamp duty norms shortly
The new structure, he added, would help the states modify their stamp duty regulations for various instruments like equities, futures and other products.
Uniform STT proposed in revamp of Stamp Duty Act
Stamp duty, the main source of revenue for states, is a form of tax that is levied on transactions such as buying and selling of land and shares.
Don't leave out real estate
Uniform stamp duty on property deals will end rate wars among states.
Reform stamp duty
Stamp duty should come under the goods and services tax (GST) regime.
Demat trade stamp duty waiver on anvil
The Centre and stock market regulator SEBI have asked states to either waive off or rationalise the stamp duty on financial transactions executed electronically.
States not keen on pan-India securities mkt
States have turned a cold shoulder to the Centre’s ambitious plan for a pan-India securities market by having a uniform stamp duty structure on financial instruments, said a government official.
Centre pitches for uniform stamp duty in all states
Financial instruments could soon attract uniform stamp duty across the country. The govt has decided to take up the issue with the empowered committee of state finance ministers and also seek reduction in the levy.
Centurion Stamp Act to get makeover
The century-old Indian Stamp Act may be in for a makeover. After hanging fire for over three years, an overhaul of the Act enacted in 1899 could be on the cards.
Uniform stamp duty awaits debt papers
Debentures and promissory notes will soon attract a uniform stamp duty across the country.
Centre may stamp duty rate for bonds
A parliamentary committee is likely to meet shortly to take up the issue of imposing uniform stamp duty on the issue of bond paper, a suggestion that was made by the expert committee under RH Patil.
Fund-hungry states slash stamp duty
The Centre’s diktat has worked. While many states have slashed stamp duty rates from as high as 12% to as low as 6%, other states are planning stamp duty cuts to avail of Plan funds under the Jawaharlal Nehru National Urban Renewal Mission (JNNURM).
States agree to uniform stamp duty on debt instruments
India’s moribund debt market is set to finally get a leg-up with state governments granting an in-principle approval to rationalise stamp duty on a host of financial instruments including debentures and promissory notes.
Cut stamp duty to 4%: Assocham
Industry body Assocham has demanded uniform stamp duty rate of 4 per cent throughout the country on all property transactions along with compensation for states by the Centre in case of revenue losses.
Centre moots uniform 5% stamp duty
In a major initiative to unearth black money and to develop a robust secondary market in real estate, the government will propose a uniform stamp duty regime of 5% across all states.
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