{"id":506,"date":"2020-07-01T08:23:35","date_gmt":"2020-07-01T08:23:35","guid":{"rendered":"https:\/\/www.invest19.com\/blog\/?p=506"},"modified":"2022-01-31T13:39:29","modified_gmt":"2022-01-31T13:39:29","slug":"uniform-stamp-duty-applied-from-july-01-things-investors-need-to-know","status":"publish","type":"post","link":"https:\/\/www.invest19.com\/blog\/uniform-stamp-duty-applied-from-july-01-things-investors-need-to-know\/","title":{"rendered":"Uniform Stamp Duty Applied from July 01: Things Investors Need to Know"},"content":{"rendered":"
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According to a Press Conference\nreleased by the Government on Tuesday, June 30, 2020, there will be the implementation\nof the uniform stamp duty on transfer of shares, debentures, futures, options,\ncurrency, and other capital market instruments from July 01, 2020. The\ngovernment has introduced the changes in the Stamp Duty Act, 1899 last year and\ndecided to implement in the January month of this year but the government\nmeasure postponed twice before the recent notification issued yesterday. <\/p>\n\n\n\n

The provision has come into effect\nnow, according to which, the stamp duty will have to be paid by either buyer or\nseller of financial security. With this, the current practice of levying the\nduty on both will no longer work. Earlier, the system of collection of stamp\nduty on securities market transaction led to multiple rates for the same\ninstrument, which resulted in multiple incidences of duty. <\/p>\n\n\n\n

Earlier, the rates of stamp duty\nwere varying with states. But, now the rates of stamp duty will be uniform\nacross the country. The new implementation will benefit the states with high\nstamp duty rates as the rates will be uniform now. On the other hand, the\nstates that levied very low rates on speculative trades will have to pay more. <\/p>\n\n\n\n

Earlier  State-wise Stamp Duty Rates Applicable in\nTrading<\/strong><\/h2>\n\n\n\n
\n No.<\/strong>\n <\/td>\n State<\/strong>\n <\/td>\n Equity\n Intraday<\/strong>\n <\/td>\n Equity\n Delivery<\/strong>\n <\/td>\n Futures<\/strong>\n <\/td>\n Options\n Currencies<\/strong>\n <\/td>\n Currencies<\/strong>\n <\/td>\n Commodities<\/strong>\n <\/td><\/tr>
\n 1<\/strong>\n <\/td>\n Andhra\n Pradesh<\/strong>\n <\/td>\n 0.005% – max Rs. 50\/day\n <\/td>\n 0.005% – max Rs. 50\/day\n <\/td>\n 0.005% – max Rs. 50\/day\n <\/td>\n 0.005% – max Rs. 50\/day\n <\/td>\n 0.005% – max Rs. 50\/day\n <\/td>\n 0.005% – max Rs. 50\/day\n <\/td><\/tr>
\n 2<\/strong>\n <\/td>\n Arunachal\n Pradesh<\/strong>\n <\/td>\n 0.003%\n <\/td>\n 0.003%\n <\/td>\n 0.003%\n <\/td>\n 0.003%\n <\/td>\n 0.003%\n <\/td>\n 0.003%\n <\/td><\/tr>
\n 3<\/strong>\n <\/td>\n Assam<\/strong>\n <\/td>\n 0.018% – max Rs. 49.5\/day\n <\/td>\n 0.018% – max Rs. 49.5\/day\n <\/td>\n 0.018% – max Rs. 49.5\/day\n <\/td>\n 0.018% – max Rs. 49.5\/day\n <\/td>\n 0.018% – max Rs. 49.5\/day\n <\/td>\n 0.018% – max Rs. 49.5\/day\n <\/td><\/tr>
\n 4<\/strong>\n <\/td>\n Chhattisgarh<\/strong>\n <\/td>\n 0.002%\n <\/td>\n 0.01%\n <\/td>\n 0.002%\n <\/td>\n 0.002%\n <\/td>\n 0.002%\n <\/td>\n 0.001%\n <\/td><\/tr>
\n 5<\/strong>\n <\/td>\n Delhi<\/strong>\n <\/td>\n 0.002%\n <\/td>\n 0.01%\n <\/td>\n 0.002%\n <\/td>\n 0.002%\n <\/td>\n 0.002%\n <\/td>\n 0.001%\n <\/td><\/tr>
\n 6<\/strong>\n <\/td>\n Goa,\n Daman & Diu<\/strong>\n <\/td>\n 0.005%\n <\/td>\n 0.005%\n <\/td>\n 0.005%\n <\/td>\n 0.005%\n <\/td>\n 0.005%\n <\/td>\n 0.005%\n <\/td><\/tr>
\n 7<\/strong>\n <\/td>\n Gujarat<\/strong>\n <\/td>\n 0.002%\n <\/td>\n 0.01%\n <\/td>\n 0.002%\n <\/td>\n 0.002%\n <\/td>\n 0.002%\n <\/td>\n 0.001%\n <\/td><\/tr>
\n 8<\/strong>\n <\/td>\n Haryana<\/strong>\n <\/td>\n 0.002% – max Rs. 500\n <\/td>\n 0.01% – max Rs. 500\n <\/td>\n 0.002% – max Rs. 200\n <\/td>\n 0.002% – max Rs. 200\n <\/td>\n 0.002% – max Rs. 200\n <\/td>\n 0.002% – max Rs. 500\n <\/td><\/tr>
\n 9<\/strong>\n <\/td>\n Kerala<\/strong>\n <\/td>\n 0.002%\n <\/td>\n 0.01%\n <\/td>\n 0.002%\n <\/td>\n 0.002%\n <\/td>\n 0.002%\n <\/td>\n 0.001%\n <\/td><\/tr>
\n 10<\/strong>\n <\/td>\n Karnataka<\/strong>\n <\/td>\n 0.003%\n <\/td>\n 0.003%\n <\/td>\n 0.003%\n <\/td>\n 0.003%\n <\/td>\n 0.003%\n <\/td>\n 0.003%\n <\/td><\/tr>
\n 11<\/strong>\n <\/td>\n Madhya\n Pradesh<\/strong>\n <\/td>\n 0.002%\n <\/td>\n 0.01%\n <\/td>\n 0.002%\n <\/td>\n 0.002%\n <\/td>\n 0.002%\n <\/td>\n 0.002%\n <\/td><\/tr>
\n 12<\/strong>\n <\/td>\n Maharashtra<\/strong>\n <\/td>\n 0.002%\n <\/td>\n 0.01%\n <\/td>\n 0.002%\n <\/td>\n 0.002%\n <\/td>\n 0.002%\n <\/td>\n 0.001%\n <\/td><\/tr>
\n 13<\/strong>\n <\/td>\n Meghalaya<\/strong>\n <\/td>\n 0.003%\n <\/td>\n 0.003%\n <\/td>\n 0.003%\n <\/td>\n 0.003%\n <\/td>\n 0.003%\n <\/td>\n 0.003%\n <\/td><\/tr>
\n 14<\/strong>\n <\/td>\n Orissa<\/strong>\n <\/td>\n 0.005% – max Rs. 50\/day\n <\/td>\n 0.005% – max Rs. 50\/day\n <\/td>\n 0.005% – max Rs. 50\/day\n <\/td>\n 0.005% – max Rs. 50\/day\n <\/td>\n 0.005% – max Rs. 50\/day\n <\/td>\n 0.005% – max Rs. 50\/day\n <\/td><\/tr>
\n 15<\/strong>\n <\/td>\n Rajasthan<\/strong>\n <\/td>\n 0.003%\n <\/td>\n 0.012%\n <\/td>\n 0.0012%\n <\/td>\n 0.0024%\n <\/td>\n 0.0012%\n <\/td>\n Agri:<\/strong>\n 0.0006%\n Non\n Agri:<\/strong> 0.0012%\n <\/td><\/tr>
\n 16<\/strong>\n <\/td>\n Tamil\n Nadu<\/strong>\n <\/td>\n 0.006%\n <\/td>\n 0.006%\n <\/td>\n 0.006%\n <\/td>\n 0.006%\n <\/td>\n 0.006%\n <\/td>\n *30 paisa for every unit of Cotton,\n Kapas, Pods\n *10 paisa for every unit of Kilo of\n Silver\n *50 paisa for every unit of Kilo of\n Gold\n *50 paisa for every unit of 25 Metric\n tones of Groundnut, Lineseed, Castor Seed, Cotton Seed\n *For any Yarn,non mineral oil, spices,\n Hydrosulphide soda: 0.004% *No Stamp Duty for Crude Oil and Base Metals\n <\/td><\/tr>
\n 17<\/strong>\n <\/td>\n Telangana<\/strong>\n <\/td>\n 0.01% – max Rs. 100\/day\n <\/td>\n 0.01% – max Rs. 100\/day\n <\/td>\n 0.01% – max Rs. 100\/day\n <\/td>\n 0.01% – max Rs. 100\/day\n <\/td>\n 0.01% – max Rs. 100\/day\n <\/td>\n 0.01% – max Rs. 100\/day\n <\/td><\/tr>
\n 18<\/strong>\n <\/td>\n Uttar\n Pradesh<\/strong>\n <\/td>\n 0.002% – max Rs. 1000\/day\n <\/td>\n 0.002% – max Rs. 1000\/day\n <\/td>\n 0.002% – max Rs. 1000\/day\n <\/td>\n 0.002% – max Rs. 1000\/day\n <\/td>\n 0.002% – max Rs. 1000\/day\n <\/td>\n 0.002% – max Rs. 1000\/day\n <\/td><\/tr>
\n 19<\/strong>\n <\/td>\n West\n Bengal<\/strong>\n <\/td>\n 0.002%\n <\/td>\n 0.01%\n <\/td>\n 0.002%\n <\/td>\n 0.002%\n <\/td>\n 0.002%\n <\/td>\n 0.002%\n <\/td><\/tr>
\n 20<\/strong>\n <\/td>\n Other\n State<\/strong>\n <\/td>\n 0.002%\n <\/td>\n 0.01%\n <\/td>\n 0.002%\n <\/td>\n 0.002%\n <\/td>\n 0.002%\n <\/td>\n 0.001%\n <\/td><\/tr><\/tbody><\/table><\/figure>\n\n\n\n

What are the Changes in Stamp Duty? <\/strong><\/h2>\n\n\n\n