The Indian Stamp (Meghalaya Amendment) Act, 2020
The Indian Stamp (Meghalaya Amendment) Act, 2020
Tax20202 sections
This law amends the Indian Stamp Act to update stamp duty rates for mining leases in the state of Meghalaya. It applies to the entire state and specifies that the duty is calculated based on the average annual royalty payable, with the rate increasing depending on the lease duration, such as one to ten years or more than thirty years. This change ensures the state collects the correct tax on mining agreements and clarifies the financial obligations for mining lease holders.
PDF: pending for this language.