What is the objective of the 'Mera Bill Mera Adhikar' scheme launched by the Indian Government on 1 September 2023?

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OSSC Excise SI (Mains) Official Paper (Held On: 17 Oct, 2024 Shift 1)
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  1. To encourage culture of customers asking for invoices/bills for all purchases
  2. To reduce tax evasion
  3. To increase government revenue
  4. To promote digital transactions

Answer (Detailed Solution Below)

Option 1 : To encourage culture of customers asking for invoices/bills for all purchases

Detailed Solution

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The 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.
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