Mera Bill Mera Adhikar-GST Reward Scheme: According to two government officials, the long-awaited “Mera Bill Mera Adhikar” program will likely be launched by the government soon. The program will pay people for submitting their GST invoices on a mobile app.
According to sources, the new program will award people who upload invoices they have received from retailers or wholesalers onto the app with cash prizes ranging from Rs 10 lakh to Rs 1 crore on a monthly or quarterly basis.
Read Also: GST on sale of Real Estate and Rates
The app will be accessible on both iOS and Android devices, and users will have to upload an invoice that includes the seller’s GSTIN, the invoice number, the amount paid, and the tax amount. According to the official, the app will enable users to upload a maximum of 25 valid invoices per month for a minimum purchase price of Rs 200.
The program, which is nearing completion, will feature more than 500 computerized lucky draws held each month with cash prizes totaling thousands of rupees. While two lucky draws with a total prize pool of Rs 1 crore will be held quarterly. According to the officials, the program is anticipated to begin as soon as possible, possibly even this month.
Read Also: GST on twitter Ad revenue sharing to content creators
In an effort to stop GST evasion, the government has already made electronic invoices mandatory for B2B transactions with annual turnover exceeding Rs 5 crore. According to the report, the new program will support electronic invoice generation at the B2C level and permit the purchaser to enter the lottery based on this.
The scheme, according to the official, is intended to reward customers who ask for genuine invoices from sellers when making a B2C (business to consumer) purchase of goods or services. Through this program, the government hopes to encourage B2C tax compliance among businesses and consumers nationwide, the official continued.
The technology platform which will allow consumers to register and upload invoices on a mobile application has been developed by the GST Network (GSTN). In addition to tax compliance, the scheme is aimed at increasing consumer spending and keeping a check on tax evasion, the officials stated.
Read Also: GST on Renting of Immovable Property – Residential and Commercial
Disclaimer: The article or blog or post (by whatever name) in this website is based on the writer’s personal views and interpretation of Act. The writer does not accept any liabilities for any loss or damage of any kind arising out of information and for any actions taken in reliance thereon.
Also, www.babatax.com and its members do not accept any liability, obligation or responsibility for author’s article and understanding of user.
For Collaborating with us-
- Mail us at [email protected]
- Whatsapp us at +91-7024984925
