From September 1, the government will introduce the ‘Mera Bill Mera Adhikar’ invoice incentive system, which would award cash prizes ranging from Rs 10,000 to Rs 1 crore and will begin with six states and union territories. The initiative will be launched in the states of Assam, Gujarat, and Haryana, as well as the union territories of Puducherry, Daman & Diu, and Dadra & Nagar Haveli, according to the Central Board of Indirect Taxes and Customs (CBIC).
CIBC said in the tweet “Mera Bill Mera Adhikaar! Scheme to be launched from September 01, 2023, in states of Haryana, Assam, Gujarat & UTs of Dadra & Nagar Haveli, Daman & Diu & Puducherry. Invoice incentive scheme which allows you to earn cash prizes on upload of GST Invoices,”
In an earlier tweet, the indirect taxation authority stated that all invoices issued to customers by suppliers registered under the Goods and Services Tax (GST) will be eligible for this effort. Winners of the monthly and quarterly draws have the opportunity to win cash prizes ranging from Rs 10,000 to Rs 1 crore.
To be eligible for the fortunate draw, an invoice must have a minimum purchase value of Rs 200. Beginning in September, each user will be able to upload a limit of 25 invoices each month. The ‘Mera Bill Mera Adhikar’ mobile application will be available on both IOS and Android platforms to help in this procedure. The submitted invoice should include important information including the seller’s GSTIN, invoice number, amount paid, and tax amount.
To curb GST avoidance, the government has already imposed e-invoices for all B2B transactions with an annual turnover of more than Rs 5 crore. Now, a new initiative is being launched to expand electronic invoice use to Business-to-Consumer (B2C) contacts, boosting transparency and engagement.
According to various sources on August 20, this newly announced initiative will not only encourage the development of electronic invoices at the B2C level but will also allow purchasers to participate in a lucky draw based on these invoices. According to an official, the main goal is to encourage buyers to demand genuine invoices from sellers in B2C transactions involving the purchase of products or services.