In a remarkable decision, Punjab Government has abolished physical stamp papers. Stamp paper of any denomination can now be obtained via e-stamp. Revenue Minister Bram Shanker Jimpa said "We are extending this facility to stamp papers for all denominations starting from ₹1".
Revenue Minister Bram Shanker Jimpa said that earlier, the e-stamping facility was applicable only to a value above Rs 20,000.
"We are extending the facility to stamp papers for all denominations starting from Re 1," he said.
He said the decision would save at least Rs 35 crore annually spent on printing of stamp papers, besides facilitating the common public to obtain them in a hassle-free manner.
Jimpa said the general public had to face difficulty in getting the stamp papers or purchase them at higher prices.
He said a notification had been issued for the implementation of the e-stamp system.
This is a welcome change and was the need of the hour.
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