Powered by: Motilal Oswal
1/09/2023 1:54:33 PM | Source: IANS
Government launches invoice incentive scheme to improve tax compliance

Government on Friday launched the "Mera Bill Mera Adhikaar" invoice incentive scheme, under which consumers will be encouraged to demand a GST invoice to improve tax compliance.

"After being introduced on 1st July 2017, Goods and Services Tax #GST has become a gamechanger in India’s indirect tax system. As part of the overall scheme of things in #GST, #Mera_Bill_Mera_Adhikaar Invoice Incentive Scheme has been launched from TODAY to encourage the customers to demand an invoice and to improve #B2C #TaxCompliance," the Finance Ministry said in X, formerly Twitter.

The scheme is currently active as a pilot project in Assam, Gujarat, Haryana, Puducherry, Dadra Nagar Haveli and Daman & Diu.

Finance Minister Nirmala Sitharaman is also visiting a market place in Gurugram today, to encourage GST bill generation on payment.

Disclaimer: The content of this article is for informational purposes only and should not be considered financial or investment advice. Investments in financial markets are subject to market risks, and past performance is not indicative of future results. Readers are strongly advised to consult a licensed financial expert or advisor for tailored advice before making any investment decisions. The data and information presented in this article may not be accurate, comprehensive, or up-to-date. Readers should not rely solely on the content of this article for any current or future financial references. To Read Complete Disclaimer Click Here
Latest News
BUY ZINC JAN @ 277 SL 274 TGT 280-282. MCX - Kedia A...

Stock Picks : Bajaj Finserv Ltd and National Alumini...

Stock Pick Of The Day : Jubilant Pharmova Ltd for Ta...

Sharika Enterprises moves higher on securing work co...

Hatsun Agro Product gains on getting nod to acquire ...

La Liga: Four things we learned in Spain`s matchday 20

Aus Open: Paula Badosa dispatches Gauff to make maid...

Buy GBPINR JAN @ 105.5 SL 105.2 TGT 105.8-106 - Kedi...

SA20: Paarl Royals move to top with 6-wicket win ove...

Kajol, daughter Nysa are`two chopsticks in a box`