Question 2382

Which of the following points is/are "correct" with respect to the 'Mera Bill Mera Adhikar' scheme launched in September 2023? A) The Central Board Of Indirect Taxes & Customs(CBIC) under the Department of Revenue, Ministry of Finance, launched an invoice incentive scheme called 'Mera Bill Mera Adhikar'. B) The scheme was launched in the 3 States: Assam, Gujarat and Haryana and in 3 UT: Puducherry, Daman & Diu and Dadra & Nagar Haveli. C) This initiative offers cash rewards, ranging from Rs 10,000 to Rs 1 crore, through monthly and quarterly lucky draws.

Answer

All A, B & C

Why?

The correct answer is All A, B & C. In News Launch of Invoice Incentive Scheme “Mera Bill Mera Adhikaar”. Key Points The Central Board of Indirect Taxes & Customs under the Department of Revenue, Ministry of Finance, launched an invoice incentive scheme called 'Mera Bill Mera Adhilkar'. The scheme aims to incentivise citizens and consumers to ask for Goods and Service Tax (GST) invoices from the seller when making business-to-consumer purchases of goods or services. The scheme was launched in the 3 states (Assam, Gujarat and Haryana) and in 3 Union Territories (Puducherry, Daman&Diu and Dadra & Nagar Haveli) The initiative offers cash rewards, ranging from Rs 10000 to Rs 1 crore, through monthly and quarterly lucky draws. This indirectly contributes to curbing tax evasion, fostering accountability, and supporting the formal economy's growth. Additional Information Department of Revenue The Department of Revenue functions under the overall direction and control of the Secretary. It exercises control in respect of matters relating to all the Direct and Indirect Union Taxes through two statutory Boards. Ministry of Finance It is a ministry within the Government of India concerned with the economy of India. It is the apex controlling authority of four central civil services namely Indian Revenue Service, and Civil Accounts Service. Current Finance Minister - Smt. Nirmala Sitharaman