Top Stories

Mera Bill Mera Adhikar scheme to be launched by Finance Minister on Sept 1

Aug 31, 2023

By: BlinkX Research Team

Mera Bill-Mera Adhikar is going to be launched by Union Finance Minister Nirmala Sitharaman. The launch is scheduled to take place in Gurugram, Haryana, on September 1. The scheme is aimed at encouraging consumers to demand bills for their purchases and, in turn, boosting Goods and Services Tax (GST) collection.

The primary objective of the "Mera Bill-Mera Adhikar" scheme is to encourage consumers to ask for bills when they make purchases. This is important because when consumers demand bills, it leads to better documentation of transactions and contributes to proper tax collection, specifically GST in this context.

Under the scheme, consumers will need to upload the receipts of their purchases on a designated portal. By doing so, they will participate in the scheme. Additionally, consumers have the opportunity to win rewards from a corpus fund of Rs 30 crore. These rewards will be distributed through a draw system. This incentive structure is designed to motivate more people to participate in the scheme.

One of the significant outcomes of this scheme is expected to be an increase in GST collection. When consumers ask for bills and transactions are properly documented, it becomes more difficult for businesses to evade taxes. This leads to a more accurate and increased collection of taxes, benefiting the government revenue.

The scheme intends to cultivate a culture where consumers become more assertive in asking for bills when purchasing goods. By making this a common practice, the overall tax compliance and revenue collection can improve.

As part of the scheme, there will be two bumper prizes of Rs 1 crore each awarded every quarter. These prizes are meant to further incentivize consumers to actively participate in the scheme by asking for bills and uploading their purchase receipts.

Source: Media Reports