Now if you buy goods from shops, ask for the GST invoice. Information has been received that through that bill, up to 1 crore rupees is likely to be received as a lucky gift.
Goods and Services Tax known as GST is implemented across the country. The biggest problem in this is tax evasion, and the central government is taking many measures to prevent it. Electronic invoicing is mandatory for business-to-business (P2-P) transactions.
In this situation, the central government is taking a new initiative to ensure that the tax on the goods purchased by consumers from traders known as B-2-C is properly paid.
The Government of India plans to launch a scheme called "Mera Bill Mera Adhikar" (My Bill, My Right) under which individuals can earn rewards for uploading GST invoices on a mobile app. Prizes are cash prizes of Rs. 10 lakh to Rs. 1 crore, which will be awarded in monthly or quarterly lucky draws. The project is expected to be launched soon.
The scheme aims to curb GST evasion by encouraging people to ask for GST invoices whenever they make purchases. By rewarding people for uploading invoices, the government hopes to create a culture of invoice demand and make it more difficult for businesses to evade tax.
Under this scheme, all we have to do is post the bill for the item purchased through the mobile phone app. Must be a minimum bill of 200 rupees. A person can post maximum 25 bills in it in a month, 500 times in a month, raffle will be conducted through computer and prizes will be given to the selected ones, according to which, in a month, a maximum of 10 lakhs can be won.
The project is still in the planning stages, so details are subject to change. However, it is a positive development that the government is taking steps to curb GST tax evasion. By rewarding people for uploading invoices, the government encourages people to play an active role in ensuring that the GST system is fair and efficient.