In a notable step towards promoting transparency in financial transactions and empowering consumers, the Indian government is preparing to introduce the ‘Mera Bill Mera Adhikar’ invoice incentive scheme. This innovative initiative, slated to begin on September 1, is geared towards encouraging individuals to ask for invoices when making purchases. The goal is to cultivate a practice of seeking receipts during transactions, which in turn fosters a culture of financial awareness and responsibility.
More About ‘Mera Bill Mera Adhikar’ GST Reward Scheme
The ‘Mera Bill Mera Adhikar’ initiative, conceptualized by the Central Board of Indirect Taxes and Customs (CBIC), aims to cultivate a sense of trust and confidence among consumers during their purchasing activities.
- The scheme is strategically designed to raise awareness about the significance of obtaining authentic invoices for business-to-consumer transactions, thereby contributing to a more transparent economy.
- This initiative functions as a Goods and Services Tax (GST) invoice incentive program, offering monetary rewards for the submission of invoices.
- The scheme will initially be launched in specific regions, including Assam, Gujarat, Haryana, and the union territories of Puducherry, Daman & Diu, and Dadra & Nagar Haveli.
The primary objective of this scheme is to encourage customers to consistently request invoices whenever they make purchases, fostering a culture of financial responsibility and accountability.
How does the scheme work?
- The ‘Mera Bill Mera Adhikar’ scheme extends its eligibility to all invoices issued by GST-registered suppliers to consumers.
- Under this initiative, a combination of monthly and quarterly lotteries will be conducted, offering cash reward prizes ranging from ₹10,000 to an impressive ₹1 crore.
- For an invoice to qualify for the lucky draw, it must have a minimum purchase value of ₹200.
- Participants have the opportunity to upload a maximum of 25 invoices per month.
- To facilitate ease of access and participation, the ‘Mera Bill Mera Adhikar’ mobile app will be made available on both IOS and Android platforms.
- In order to be considered for the lottery, the invoice uploaded through the app should include essential details such as the seller’s GSTIN, invoice number, paid amount, and tax value.
This streamlined process ensures transparency and accuracy in the scheme’s implementation.
- International Museum Day 2024, Its History & Significance
- World AIDS Vaccine Day 2024, History, Importance & How to Celebrate
- World Hypertension Day 2024 (17th May), Theme & History
- National Endangered Species Day 2024, Its History & Significance
- World Telecommunication Day 2024, Its History & Significance
- International Tea Day 2024 (21st May), Theme, History, Significance
Oliveboard Live Courses & Mock Test Series
- Download IFSCA Grade A PYQs
- Download SEBI Grade A PYQs
- Download SEBI Grade A 300+ MCQs
- Download 500+ Free Ebooks for Govt. Exams Preparations
- Attempt Free SSC CGL Mock Test 2024
- Attempt Free IBPS Mock Test 2024
- Attempt Free SSC CHSL Mock Test 2024
- Download Oliveboard App
- Follow Us on Google News for Latest Update
- Join Telegram Group for Latest Govt Jobs Update