GST reward scheme on anvil; customers can soon upload invoice, participate in lucky draw


PTI, Aug 20, 2023, 12:56 PM IST

Individuals may soon get rewarded for uploading GST invoice on a mobile app as the government is likely to launch the long awaited ‘Mera Bill Mera Adhikar’ scheme soon.

Under the invoice incentivisation scheme, cash prize of Rs 10 lakh to Rs 1 crore monthly/quarterly could be given to individuals who upload invoice received from retailer or wholesaler on the app, two officials told PTI.

The ‘Mera Bill Mera Adhikar’ mobile app will be available on both IOS and android platforms. The invoice uploaded on the app should have the GSTIN of the seller, invoice number, amount paid and tax amount.

An individual would be able to upload a maximum of 25 genuine invoices in a month on the app and the invoice should have a minimum purchase value of Rs 200, an official said.

Over 500 computerised lucky draws would be conducted every months where prize money could run into lakhs of rupees. Two lucky draws will be done in a quarter where the prize amount could be Rs 1 crore, officials said.

The scheme is in the process of being finalised, they said, adding it could be launched as early as this month.

To curb the menace of GST evasion, the government has already made electronic invoice mandatory for B2B transactions where the annual turnover exceeds Rs 5 crore.

The ‘Mera Bill Mera Adhikar’ scheme would ensure electronic invoice generation even in case of B2C customers so as to enable the buyer to be eligible to participate in the lucky draw.

The scheme is conceptualised in a way so as to incentivise citizens and consumers to ask for genuine invoices from the seller when making business to consumer (B2C) purchase of goods or services, which are under the purview of Goods and Services Tax.

The scheme is conceived so as to encourage tax compliant behaviour, in the B2C stage of the transactions, by the consumers and business across India.

GST Network (GSTN) has developed the technology platform which will enable citizens to register themselves and upload invoices on a user-friendly mobile application and portal.

This scheme is expected to serve multiple objectives of incentivising and rewarding compliant behaviour by the consumers, encouraging tax-compliant businesses, boosting consumer spending, and, checking tax evasion.

Udayavani is now on Telegram. Click here to join our channel and stay updated with the latest news.

Top News

6.8-magnitude quake in Tibet kills 126 people, tremors felt in Nepal

Meeting of Karnataka Congress’ SC/ST ministers, lawmakers postponed

Same-sex marriage: SC to consider review pleas on January 9

New version of ‘Pushpa 2’ with additional footage to release on January 11

Teenage girl rescued from borewell after 33 hours dies in Gujarat’s Kutch district

Election rules changed to protect voters’ privacy, prevent misuse of CCTV footage: CEC

Will detoxify myself, go to Himalayas: CEC Rajiv Kumar on post-retirement plans

Related Articles More

MRPL signs MoU with ISPRL for crude oil storage

Market benchmarks rebound after two-day decline as Reliance, ICICI Bank rally

Markets rebound in early trade after sharp decline in previous session

Reliance Consumer Products enters rehydration category

Table Space Founder Amit Banerji died

MUST WATCH

Tulunadu Daivaradane

Feeding Birds with Creative Paddy Art!

Areca Nut

HOTEL SRI DURGA BHAVANA

Harish Poonja


Latest Additions

Udupi: Saptotsava celebrations at Sri Krishna Matha on Jan 9-15

Karnataka CM express displeasure over delay in fund utilisation by Social Welfare department

6.8-magnitude quake in Tibet kills 126 people, tremors felt in Nepal

Meeting of Karnataka Congress’ SC/ST ministers, lawmakers postponed

EVMs cannot be tampered with, courts say rigging impossible: CEC Rajiv Kumar

Thanks for visiting Udayavani

You seem to have an Ad Blocker on.
To continue reading, please turn it off or whitelist Udayavani.