Query-Stamp Duty

sajjala (Querist) 06 June 2011 This query is : Open
Dear All,

Two Things-

1) In case of Service Agreement who shall borne the Stamp Duty ie. who shall pay the stamp duty the agent or the principal?

2) How much stamp duty is payable on the service agreement in state of Karnataka? And is registration of agreement mandatory or how beneficial it is?

Pls note: This is a ongoing contract for 3 years, so any fix consideration is
not given in agreement, as and when the service provider(agent) raises
the bill on company (principal) , the co shall pay the bill after
deduction of the taxs as per prevailing laws.

regards
Sajjala

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