Rs 1 Crore Cash Prize! Indian Govt Announces Lucky Draw To Promote GST Invoices From Sept 1

In its latest step to encourage citizens and consumers?to ask for genuine?GST?invoices from the seller when making business-to-consumer (B2C) purchases of goods or services, the Indian government will be launching a scheme involving a cash prize.

It is incentivizing the act of seeking a bill every time a purchase is made. People can turn into crorepatis as a?cash prize ranging between Rs 10,000 and Rs 1 crore is up for grabs, the tax department said on Tuesday while informing about the soon-to-be-began lucky draw.

Govt Tweets About Rs 1 Crore Cash Prize Under New Scheme

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The 'Mera Bill Mera Adhikar' invoice incentive scheme, starting September 1, will be launched in six states and Union Territories to begin with.?It will be launched in Assam, Gujarat, Haryana, and the UTs of Puducherry, Daman & Diu, and Dadra & Nagar Haveli, the Central Board of Indirect Taxes and Customs (CBIC) said.

The invoice incentive scheme allows people to earn cash prizes on the upload of GST?invoices, CBIC tweeted.

Also Read:?Mumbai Man Arrested In Rs 132 Crore?GST?Fraud

More About The 'Mera Bill Mera Adhikar' Scheme For GST Invoicing Promotion

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All invoices issued by Goods and Services Tax (GST) registered suppliers to consumers will be eligible for the 'Mera Bill Mera Adhikar' scheme, under which monthly and quarterly draws of lots will be made and winners will be eligible for cash reward prizes beginning from Rs 10,000 to up to Rs 1 crore.

The minimum purchase value for the invoice to be considered for the?lucky draw?is Rs 200, and individuals can upload a maximum of 25 invoices in a month beginning September 1.

The 'Mera Bill Mera Adhikar' mobile app will be made 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, as per the ET report. The scheme's aim is to incentivize citizens and consumers to ask for genuine invoices from the seller when making business-to-consumer (B2C) purchases of goods or services.

Also Read:?'Pizza Topping Is Not Pizza, So It Will Attract A Higher?GST?', Says??Haryana Appellate Authority??

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