Question
Download Solution PDFWhat is the objective of the 'Mera Bill Mera Adhikar' scheme launched by the Indian Government on 1 September 2023?
This question was previously asked in
OSSC Excise SI (Mains) Official Paper (Held On: 17 Oct, 2024 Shift 1)
Answer (Detailed Solution Below)
Option 1 : To encourage culture of customers asking for invoices/bills for all purchases
Detailed Solution
Download Solution PDFThe correct answer is To encourage culture of customers asking for invoices/bills for all purchases.
Key Points
- The 'Mera Bill Mera Adhikar' scheme aims to promote the habit of customers asking for invoices or bills for all their purchases.
- This initiative is designed to ensure that all transactions are properly recorded, thereby reducing the chances of tax evasion.
- The scheme encourages transparency in financial transactions, which can help in increasing government revenue in the long run.
- By fostering a culture where customers regularly ask for bills, the government can better monitor and regulate the flow of goods and services within the economy.
Additional Information
- Tax Evasion
- Tax evasion refers to the illegal practice of not paying taxes by not reporting all legal income, or by taking unallowed deductions.
- It is a criminal offense and can result in severe penalties and interest.
- Efforts to combat tax evasion include improved monitoring and increased enforcement of tax laws.
- Digital Transactions
- Digital transactions refer to the electronic exchange of money between two parties.
- They are often facilitated by the use of credit/debit cards, online banking, or mobile payment apps.
- Promoting digital transactions helps in creating a more transparent and efficient financial system.
- Government Revenue
- Government revenue is the money received by a government from taxes and non-tax sources to enable it to undertake government expenditures.
- Revenue from taxes is a major source of income for the government to fund public services and infrastructure.
Last updated on Feb 8, 2025
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