Consumer empowerment plays a vital role in economic policies today, and the introduction of the GST Reward Scheme provides an important step to make the system more transparent. The scheme is named “Mera Bill Mera Adhikar”, an initiative by the Government of India to transform how consumers adopt the GST framework. Let’s have a closer look at the scheme and understand it.
Understanding the GST Reward Scheme: Mera Bill, Mera Adhikar
The initiative by the government of India is a vision towards the citizen and making the billing process more transparent to strengthen the bond between end consumers and the GST framework. In this way, the end consumer can be a stakeholder in the taxation system, as this scheme promotes demand for tax invoices for their purchases. The consumers can be more responsible, and the merchants can adhere to ethical tax practices.
Consumers can soon be rewarded for uploading their tax invoices on a mobile application as the government launches the “Mera Bill Mera Adhikar” scheme.
In the scheme, the government is offering a prize of up to Rs. 10 lakhs to Rs. 1 crore, and it could be availed of by consumers who upload the GST invoice they receive from the merchant on the mobile app.
Consumer empowerment plays a vital role in economic policies today, and the introduction of the GST Reward Scheme provides an important step to make the system more transparent. The scheme is named “Mera Bill Mera Adhikar”, an initiative by the Government of India to transform how consumers adopt the GST framework. Let’s have a closer look at the scheme and understand it.
The “Mera Bill Mera Adhikar” mobile application will be available on iOS and Android platforms. The uploaded invoice on the portal should have the GSTIN of the merchant, invoice number, amount paid, and tax amount.
You can upload a maximum of 25 GST invoices monthly on the mobile application, and the minimum purchase value must be Rs. 200.
Every month, more than 500 computerised lucky winners will be eligible to receive their rewards. Moreover, two lucky winners will be drawn once a quarter and suitable for the prize amount, which could be as high as Rs. 1 crore.
The aim of “Mera Bill Mera Adhikar”
1. Accountability
In India, many businesses do not contribute their sales to the tax liability. With the introduction of this scheme, consumers can demand a tax invoice for their purchase, ensuring that the business reports its sales correctly.
2. Preventing Tax Evasion
The Mera Bill Mera Adhikar scheme incentivizes businesses to provide tax invoices, which also helps the government determine the correct tax amount and save themselves from revenue loss.
3. Empowers the end consumers
Through taxation, consumers can have a sense of belonging and know their roles in the country’s development.
How do I participate in the scheme?
While making any purchase at any shop, consumers simply need to ask for a tax invoice while they check out. These tax invoices act as legal proof of the transaction they make at the shop, which plays a crucial role in claiming their input tax credit. When the consumer asks for the invoice, they become eligible to participate in the reward points of the scheme.
The bottom line
The scheme is a new opportunity for end consumers and the government of India to increase transparency in the business system and improve the economy over time.
To avail of this scheme, it is essential to have reliable billing software. CaptainBiz is an all-in-one GST billing software that lets you get your GST invoices organised and control your inventory in real-time, which helps grow your business over time.
Frequently Asked Questions (FAQs)
1. Who can participate in the Mera Bill, Mera Adhikar scheme?
Any consumer who purchases and asks for a tax invoice can participate in the scheme.
2. What rewards do consumers get for participating in the scheme?
The scheme offers different rewards, such as cash back, discounts, etc. The tips may be different and will be announced by the government of India when the system goes live.
3. How can I claim the reward points?
You can claim the rewards from the portal provided by the government under the ‘GST Reward Scheme. More details will be provided after the scheme’s launch.
4. What will result from the shame for merchants and business systems?
With the introduction of this scheme, business owners will be encouraged to provide tax invoices, leading to accurate reporting of the transactions.
5. Will the scheme apply to online shopping?
Yes, the scheme applies to any kind of online or offline shopping.
Refer : GSTN
