Finance Ministry invites suggestions from public on draft Indian Stamp Bill
The Finance Ministry stated that once enacted, the Bill will replace the Indian Stamp Act of 1899. It said, "The Department of Revenue, Ministry of Finance, Government of India, has prepared a draft 'Indian Stamp Bill, 2023' to align it with modern stamp duty regime."
Stamp duties are charged by the Central Government, but are collected and appropriated by the respective States in accordance with Article 268 of the Constitution. (File image)