Registration & Stamp Duty Subsidy Scheme
The Registration & Stamp Duty Subsidy Scheme in Goa offers financial assistance for stamp duty to eligible IT units.
Key facts
| Benefit | Subsidy of ₹100 for stamp duty |
|---|---|
| Who | New and existing business units in Goa |
| How paid | Reimbursed after two years of operations |
| Implemented by | Department of Information Technology, Goa |
| Official portal | goaonline.gov.in |
| Application window | Application timing not clearly specified in the source. |
Benefits
Beneficiaries can receive a one-time subsidy covering stamp duty charges up to ₹100. The subsidy is fully reimbursed after two years from the start of operations or the policy notification date, whichever is later.
Who can apply
- For: business
- Resident of Goa
- has savings bank account
This scheme is open to new and existing business units operating in Goa, including various types of companies and partnerships. Applicants must have their bank accounts linked to Aadhaar. However, units receiving similar benefits from other Goa government policies are excluded from this scheme.
Who is not eligible
- Units availing similar financial incentives under other Goa policies
How to apply
Applications can be submitted online through the official Goa Online portal.
- Visit the Official Web Portal of Goa Online and click 'Register'.
- Verify your Email ID and Mobile Number using OTP to access the Registration Page.
- Complete the registration form, create a Login Name and Password, and agree to the Terms & Conditions.
- Log in using your credentials and navigate to 'Services' then 'IT Services' to find the scheme.
- Fill in the application form and upload the required documents.
- Submit the application and note the unique registration number for future reference.
Documents required
- Copy of Incorporation Certificate
- Copy of new unit registration document/certificate
- Copies of PAN, Aadhaar, and GST TIN
- Memorandum and Articles of Association
- Copy of first bill generated showing the date of commencement of operations or other relevant document
- Occupancy certificate from developer/local authority for said office space
- Details of employees and percentage of employees of Goan origin
- Copies of challan/receipt for stamp duty, registration fee, transfer duty, etc.
- Copies of lease deed, sale deed, registration, or other ownership/transfer document for the said land and/or built-up office space for which registration and stamp duty are paid
- Other supporting document(s)
- Udyog Aadhaar
Common problems and how to fix them
| Problem | What to do |
|---|---|
| Application rejected | Ensure all mandatory documents are submitted and correctly filled in the application form. |
| Payment not received | Check the application status on the official portal and ensure the application was approved by the Empowered Committee. |
Frequently asked questions
What types of business entities are eligible for this scheme?
Eligible entities include Proprietorship Firms, Private Limited Companies, Public Limited Companies, Registered Partnership Firms, and Limited Liability Partnerships.
What is the maximum reimbursement amount for stamp duty?
The scheme provides a subsidy that covers stamp duty charges up to ₹100, reimbursed in full after the specified period.
What is the timeline for application processing and disbursement?
The process takes approximately 90 days from application receipt to disbursement, with key milestones at 30 and 60 days for scrutiny and approval.
Are there any exclusions for this scheme?
Units that are already receiving similar financial incentives from other Goa government policies are not eligible for this subsidy.
What documents are required to apply for the scheme?
Required documents include the Incorporation Certificate, registration documents, PAN, Aadhaar, GST TIN, and other relevant certificates.
Key terms explained
- Aadhaar
- A 12-digit unique identity number issued by UIDAI. Most schemes use it to confirm identity and link your bank account for payments.
Always confirm the latest details on the official portal before applying.
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