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.
New Delhi: 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 incentivization 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 computerized lucky draws would be conducted every month 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 finalized, 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 conceptualized in a way that incentivizes citizens and consumers to ask sellers for genuine invoices when making business-to-consumer (B2C) purchases of goods or services, which fall under the purview of Goods and Services Tax.
The scheme is designed to encourage tax-compliant behavior among consumers and businesses across India in the B2C stage of the transactions.
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 incentivize and reward compliant behavior by the consumers, encourage tax compliant businesses, boost consumer spending, and check tax evasion for multiple objectives.
SOURCE: ZEE NEWS
