Regarding exemption from stamp duty on instrument of transfer of immovable properties of sick micro and small enterprises

No: F.4(4)FD/Tax/2020-134 Dated: Feb, 20 2020

GOVERNMENT OF RAJASTHAN

FINANCE DEPARTMENT

(TAX DIVISION) 

NOTIFICATION

Jaipur, February 20,2020 

In exercise of the powers conferred by sub-section (1) of section 9 of the Rajasthan Stamp Act, 1998 (Act No. 14 of 1999) and in supersession of this department's notification number F.4(3)FD/Tax/2017-114 dated 08.03.2017, the State Government being of the opinion that it is expedient in the public interest so to do, hereby orders that the stamp duty chargeable on the instrument of transfer of immovable property of sick enterprises as mentioned in item (a) and (b) of sub-clause (2) of clause 18 of the Rajasthan MSME Policy, 2015, for the purpose of revival of such enterprises, shall be remitted on submission of entitlement certificate, before the Registering Officer, issued by the appropriate authority under the Rajasthan Sick Micro and Small Enterprises (Revival and Rehabilitation) Scheme, 2015: 

Provided that this notification shall also be applicable on the instruments pending for registration or reference before Sub-Registrar or adjudication before Collector (Stamps) or other Courts but stamp duty already paid according to the provisions of the said Act shall not be refunded. 

[No.F.4(4)FD/Tax/2020-134]

By order of the Governor, 

(NIshant Jain)

Joint Secretary to the Government