Relying on above discussion we would like to conclude by saying that firstly, for any nation state's economic growth technology factor cannot be overlooked completely as both should go hand in hand, even though one area has to sacrifice a bit. Since involvement of technology with law is not broaden much in developing countries like India as still we are trying to put it in a frame. If one or the other State will continue to making laws discharging their own interest then it will result into blockage for progress. If we want electronic commerce to flourish in country, then it should be liberated from the clutches of restrictions like Stamp duty etc. resulting obstacle in its growth. It should be treated like an newborn child who needs support to walk, we should nourish this concept so that we can reap benefit out of it at later stage.

However, at the same time there are various other compelling reasons for the State to impose Stamp duty on transactions independent of the fact whether it is an electronic one or not, like in this case the government has justified the move on the ground that proprietary trades are routed through members or between members of stock exchange and that records are generated and should be subjected to Stamp duty. Possible solution to this can be given in two folds:
Firstly at its verge stamp duty on such transaction should be ignored.
Secondly, if not feasible for the states economy then with the help of Center's initiative States should brought methods which not only provides for successful e-commerce tax but also provides system for maintaining neutrality, fairness and simplicity, and to encourage all desirable economies activity, new and old. Rules that provide certainty and prevent double-taxation should be made. All these criteria are seemingly satisfied if the State tries to opt for transactional tax which should be based on payment of duty on the basis of transaction and should have characteristic of applicability all over the country. It will in turn bring a better revenue collection and that to on uniform rate, where evasion would almost be impossible. Unlike the system where Stamp duty is a voluntary service as you cannot detect the evader in case if he tries to evade it.

 

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