Bare Act

The Gujarat Stamp and Electricity Duty Law (Amendment) Act, 1962

Tax19625 sections

The Gujarat Stamp and Electricity Duty Laws (Amendment) Act, 1962 is a state revenue amendment law that modifies stamp duty rates and electricity duty structures in the State of Gujarat. It updates the Bombay Stamp Act, 1958, the Gujarat Increase of Stamp Duties Act, 1961, and the Bombay Electricity Duty Act, 1958. The Act revises stamp duty charges on property conveyances and instruments, while establishing specific electricity duty rates for residential premises, cinema halls, photo studios, and industrial units. It offers concessional electricity duty rates to small-scale industrial undertakings, Khadi and Village Industries production centres, and specialized electro-chemical processes, provided separate meters are installed. For ordinary citizens, property buyers, and small business owners, this Act directly affects transaction costs during property registration and monthly electricity billing charges across Gujarat.

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