The Indian government is introducing the ‘Mera Bill Mera Adhikar’ invoice incentive scheme on September 1. Initially, it will roll out in Assam, Gujarat, Haryana, Puducherry, Daman & Diu, and Dadra & Nagar Haveli.
The initiative aims to encourage consumers to ask for receipts with every purchase. Participating customers have a chance to win cash prizes ranging from ₹10,000 to ₹1 crore by uploading GST invoices through the ‘Mera Bill Mera Adhikar’ app.
The scheme supports transparency and tax compliance while incentivizing individuals to request genuine invoices for business-to-consumer transactions.
Key terms for prelims
- GST: Goods and Services Tax (GST) is an indirect tax levied on the supply of goods and services in India. It has replaced multiple existing taxes to streamline the taxation system.
- Central Board of Indirect Taxes and Customs (CBIC): CBIC is the apex authority responsible for administering customs, central excise, GST, and other indirect taxes in India. It plays a crucial role in policy-making and implementation.
- Invoice Incentive Scheme: The ‘Mera Bill Mera Adhikar’ scheme rewards customers for requesting valid invoices for their purchases. This aims to curb tax evasion, promote accountability, and enhance transparency in business transactions.
- Business-to-Consumer (B2C): Business-to-Consumer refers to the type of commerce where businesses sell products or services directly to individual consumers, as opposed to transactions between businesses (B2B).
