Govt’s monthly GST lottery scheme to curb tax evasion to begin from April 1


PTI, Mar 1, 2020, 3:38 PM IST

New Delhi: The government is planning to launch lottery offer under the Goods and Services Tax (GST) from April 1 by conducting lucky draws every month for invoices of all business to customer (B2C) transactions.

The lottery scheme is being envisaged by the revenue department to encourage customers to take bills for every purchase, which will, in turn, help the government in curbing GST evasion.

Under the scheme, the revenue department will conduct monthly lucky draws which will have one bumper prize, while there would be second and third prizes state wise, an official informed.

“The lottery scheme is planned to be launched on April 1,” the official added.

A member in the Central Board of Indirect Taxes and Customs (CBIC) had last month said that the lottery offers would range between Rs10 lakh and Rs1 crore.

The official said consumers will have to scan and upload any B2C invoice using a mobile app, which is being developed by GST Network (GSTN), which handles the technology backbone of GST.

The mobile app would be made available for both Android and iOS users by the end of this month.

There would not be any threshold on the invoice value to be eligible for the lucky draw, the official added.

GST, which became effective from July 1, 2017, has subsumed over a dozen indirect taxes, like excise and service tax. However, revenue under the new indirect tax regime has not picked up as per expectations, mainly on account of evasion.

Officials expect the lottery scheme to incentivise customers to ask for bill or invoice while making purchases.

The GST Council is likely to vet the lottery scheme in its next meeting on March 14.

As per the plan, the money for the lottery scheme would come from the consumer welfare fund, where the proceeds of anti-profiteering cases are transferred.

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

Top News

SC notice to Karnataka, DK Shivakumar on CBI plea against withdrawal of consent by state govt

Will remain active in politics till my last breath: JD(S) patriarch & ex-PM Deve Gowda

BJP calls Congress govt ‘laughing stock’ as ‘samosa politics’ heats up in Himachal

Chikkaballapur: Yoga teacher feigns death by holding her breath, escapes murder bid

World Bunts Summit to be held in Mumbai on December 7

SC dismisses PIL seeking CBI probe into Tirupati laddus row

Salman Khan gets another threat; message sent to Mumbai traffic police helpline

Related Articles More

Sensex, Nifty fall for 2nd day on FII selling; RIL, ICICI Bank major drag

Sensex, Nifty fall over 1 pc, snap two-day rally ahead of US Fed interest rate decision

SC orders liquidation of grounded air carrier Jet Airways’ assets

Home-cooked meals become dearer in October on costlier vegetables

Sensex, Nifty surge over 1 pc on heavy buying in IT stocks as Trump set to win US polls

MUST WATCH

Gho Pooja in Deepavali Festival

Melukote Deepavali

Ganapathi Co-operative Society Ltd

Udayavani Chinnara Banna 2024

Annapoorna Aahar | Food Places In Mysore


Latest Additions

Neeraj Chopra to head to South Africa for off-season training later this month

Sensex, Nifty fall for 2nd day on FII selling; RIL, ICICI Bank major drag

Akhilesh Yadav attacks BJP on demonetisation anniversary

SC notice to Karnataka, DK Shivakumar on CBI plea against withdrawal of consent by state govt

DeMo paved way for monopolies by devastating MSMEs, informal sector: Rahul on note ban anniversary

Thanks for visiting Udayavani

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