Mera Bill Mera Adhikaar – What It Is, Eligibility Criteria, Rewards & Purpose
The government of India recently launched the Mera Bill Mera Adhikaar Scheme, also known as the “Invoice Incentive Scheme,” an initiative to foster financial transaction transparency and incentivize uploading genuine invoices for purchases of goods or services attracting Goods and Services Tax (GST).
This innovative initiative encourages citizens to adopt the habit of demanding and preserving bills for their everyday purchases. The scheme not only promotes responsible financial practices but also offers rewards to incentivize participation.
The scheme will roll out from 1st September in selective states of Gujarat, Assam, Haryana, and UTs of Puducherry and Dadra Nagar Haveli and Daman & Diu, as per the government’s policy decision. The pilot scheme will run for 12 months.
What is Mera Bill Mera Adhikaar
The “Mera Bill Mera Adhikaar” scheme marks a notable shift in India’s approach to financial transactions. By encouraging citizens to request and retain bills for their purchases, the government is taking a substantial step toward promoting transparency in financial dealings. This move aligns with the broader goal of curbing tax evasion, combating the shadow economy, and strengthening the nation’s fiscal health.
Eligibility Criteria For Mera Bill Mera Adhikaar
The eligibility for the Mera Bill Mera Adhikaar is pretty straightforward. Any taxpayer who buys anything from the seller is eligible. Citizens must request bills for their purchases at local stores, restaurants, or other establishments. These bills should then be d then be retained as proof of purchase. Participants can submit their bills through a seamless and user-friendly mobile app or web portal.
Rewards/ Cash Money in Mera Bill Mera Adhikaar
One of the standout features of the scheme is the enticing rewards system. Participants in “Mera Bill Mera Adhikaar” have the opportunity to win prizes on a monthly and quarterly basis. There are many monthly and quarterly rewards of Rs 10,000 and Rs 1 crore for taxpayers. A maximum of 25 invoices can be uploaded by an individual on the App/web portal in a month to be considered for the lucky draw. Also, the minimum value for an Invoice to be considered for a lucky draw has been kept at Rs. 200. These rewards not only serve as an incentive for individuals to embrace the habit of demanding bills but also add an element of excitement to the process.
Purpose of Mera Bill Mera Adhikaar
While the prospect of rewards is undoubtedly appealing, “Mera Bill Mera Adhikaar” offers broader advantages for the nation. Increased bill collection aids in creating a more accurate record of financial transactions, which, in turn, facilitates the identification of tax evasion and undeclared income. This, in the long run, will contribute significantly to bolstering the country’s revenue collection and economic stability.
How to Apply for The Mera Bill Mera Adhikaar Scheme
The “Mera Bill Mera Adhikaar” mobile app is available for download on Android and iOS via QR code or from the Google Play Store and App Store on your iPhone. You must sign into the app by filling in the necessary details and once logged in, you can start uploading your bills/ invoices. There are 3 ways to upload bills – By camera, PDF, and gallery.
Conclusion
The “Mera Bill Mera Adhikaar” scheme heralds a new era of financial responsibility and transparency in India. It empowers citizens to become active agents of change by adopting simple yet impactful habits. With the promise of rewards and the nation’s greater good at stake, this scheme represents a win-win situation for all, marking a promising stride towards a more accountable and prosperous India.
