This is not the only case where the state incurred losses due to short levy of stamp duty in 2017.
Even before its construction, the 87-km Rajsamand-Bhilwara section of NH-758, which is under the state National Highways Development Project Phase-IV,mopped up losses to the tune of Rs 2.4 crore.
The report of the Comptroller and Auditor (CAG) for the year ended March 31, 2017, revealed that the concession agreement between the National Highway Authority of India and the concessionaire for the above mentioned project bore a stamp duty of Rs 100 instead of the required amount of Rs 2.40 crore, which includes a surcharge of Rs 40 lakh.
It is to be noted that the agreement, which was executed on the design, build, finance, operate and transfer basis in December 2012,cost Rs 677.79 crore.
“The matter was reported to the government (August 2017), which said that instructions for recovery had been issued,” the report said.
This is not the only case where the state incurred losses due to short levy of stamp duty in 2017.
In another instance,for a property that cost Rs 105.71 crore, a stamp duty (at the rate of five per cent) worth Rs 6.34 crore was incorrectly charged at Rs 14,000 in 24 cases. However, the concerned department stated that in one document, an amount of Rs 49.87 lakh had been recovered,and notices for 21 documents were issued.
Furthermore, a case had been registered with the DIG stamps for another document.
In cases relating to sub-registrar offices, it was found that immovable property valued at Rs 42.94 crore was transferred for which stamp duty of Rs 3.01 crore was to be charged. However, nothing was levied by the sub-registrars during registration of the sale deeds.
The sub-registrar offices responded saying Rs 3.67 lakh had been recovered out of the total amount of Rs 4.28 lakh in one case. Furthermore, cases for six documents were registered with the DIG (stamps).
One of the replies, where the department had disagreed with the report, was dismissed by the CAG.
It stated that stamp duty was payable on transfer of immovable property prior to March 2012, according to Article 21 of the Stamp Act.
Report States
The report for the year ended March 31, 2017, revealed that the concession agreement between the National Highway Authority of India and the concessionaire for the project bore a stamp duty of Rs 100 instead of the required amount of Rs 2.40 crore.
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