The Stamp Duty Reimbursement Scheme is an initiative by the Department of Information Technology, Electronics and Communications, Government of Goa to ease the financial burden on certified Startups, Incubators, and Accelerators operating in the state. Through this scheme, if land or developed area is purchased or leased by eligible entities, stamp duty beyond ₹100 is reimbursed by the government. This aims to promote startup infrastructure and encourage entrepreneurial growth.
Scheme Key Highlights (Short Summary)
• Implementing Body: Department of IT, Electronics & Communications, Goa
• Applicable to: Startups, Incubators, Accelerators certified by SPC
• Stamp Duty Cap: ₹100 only
• Reimbursement: For any excess amount paid as stamp duty
• Eligibility Limit: One-time benefit per startup
• Validity: Expenses must be within one year prior to Goa Startup Policy 2017 and paid digitally
• Maximum Beneficiaries: 100 startups per year
Benefits
• Stamp duty payable on land/area lease or purchase by startups, incubators, or accelerators is capped at ₹100
• Excess amount paid is reimbursed
• Startups can avail this benefit only once
• For incubators/accelerators, reimbursement is made after 3 years of successful operation
• The 3-year condition may be relaxed for companies building incubators
Note: This is not an entitlement scheme. Approval is at the discretion of the SPC.
Eligibility
• Startup must be certified by the Startup Promotion Cell (SPC)
• Incubators/Accelerators must be enlisted with SPC
• The applicant can avail benefits only once
• Directors’ bank accounts must be linked to Aadhaar
• Expenses must be paid digitally and incurred within 1 year before the Goa Startup Policy 2017 notification
• SPC may accept non-digital payments based on due diligence
Application Process
Online
• Visit Goa Startup Mission Official Website
• Register using your email and mobile number with OTP verification
• Login → Navigate to the “Stamp Duty Reimbursement Scheme”
• Fill in the application form and upload required documents
• Submit and note the reference number
Offline
• Download and print the application proforma
• Fill all required details and attach self-attested documents
• Send via email to [email protected]
Important:
• Apply within 6 months of incurring the relevant expenditure
• Application can be made at any time during the financial year
Evaluation Process
• SPC verifies and inspects submitted applications
• SPC conducts due diligence on submitted expenditure documents
• Final decision (approval or rejection) is communicated within 45 days
• Recommended reimbursements are processed accordingly
Documents Required
• Copy of Transaction Deed
• Original Proof of Stamp Duty Payment
• Copy of MoU (only for incubators/accelerators)
• Startup Certificate Number (only for startups)
Frequently Asked Questions (FAQs)
Q: What is the maximum stamp duty for land area lease/sale transactions under the Stamp Duty Reimbursement Scheme for Goa startups?
A: ₹100. Any excess paid will be reimbursed.
Q: Can the three-year successful operation requirement be relaxed for a company making incubators?
A: Yes, it can be relaxed for such companies.
Q: How many start-ups per year can benefit from the scheme?
A: Up to 100 startups per year.
Q: Is the benefit under this scheme considered an entitlement?
A: No, it is not an entitlement. Reimbursement is at the discretion of the SPC.
Q: When is reimbursement paid for incubators/accelerators?
A: After three years of successful operation.
Q: Can a startup apply more than once?
A: No, the benefit can be availed only once.
Q: What is the timeline for reimbursable expenditure?
A: Within 1 year prior to the notification of Goa Startup Policy 2017 and during the policy validity.
Q: What if digital payment is not possible?
A: SPC may approve such expenses after due diligence.
Q: Can additional documents be submitted?
A: Yes, applicants may attach other relevant documents if required.
Q: What role does SPC play in the process?
A: SPC verifies, evaluates, and approves or rejects applications.