![]() The entire process can be completed in less than 24 hours. If the need for a signature on the document arises, it makes it easier to invite the party to electronically sign the document. ![]() How Can Businesses Use A Digital Stamp Solution?īusinesses can procure Digital Stamp Papers through a provider like SignDesk and merge documents with Stamp Paper to make them legally valid and admissible in the court of law. ![]() This is where the Digital Stamp Solution and Contract Workflow Automation can be used to speed up business documentation and processes. However, if stamp duty is not paid for an agreement, the agreement would not be considered as legal evidence in the court if one of the parties dishonors the terms agreed upon. Nevertheless, the lack of easy and quick access to stamp papers delays processes such as onboarding vendors and getting into client and service agreements. While contracts are required for everyday business transactions in almost all industries, affidavits are commonly used by regulatory bodies that issue circulars. Every agreement, right from the office’s rental agreement to the cafeteria vendor agreement needs to be printed on stamp paper. Stamp Papers are used to draft agreements/contracts as well as affidavits. This discourages many businesses from using stamp paper for many business transactions.ĭocuments printed on Stamp Paper make it legally valid in the court of law. When compared to the pace at which businesses operate, the process of acquiring stamp paper is slow, time-consuming and requires a huge amount of patience. While the government uses a digital interface for e-Stamp paper and e-Stamping, the process of paying stamp duty for the common man still involves a manual process. However, all states across the country do not provide all the options and online payment of stamp duty is available in very few states in the nation. Online payment of stamp duty can be paid through eGras, eSBTR, e-Challans. Traditional Stamp Paper (Non-Judicial Stamp Paper).The payment of proper stamp duty on a document makes it legally valid and admissible as evidence in a court of law.Īt present, there are four methods of stamp duty payment available: Stamp Papers form an integral part of any business transaction today.
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