INCOME TAX
The Income Tax Department has revamped its National website www.incometaxindia.gov.in with a user-friendly interface, value-added features, and new modules.
GST
The Government of India, in association with State Governments, is launching an
‘Invoice incentive Scheme’ by the name ‘Mera Bill Mera Adhikaar’. The Scheme will be launched on 1 st September, 2023. This scheme will initially be launched as a pilot in the States of Assam, Gujarat & Haryana and UTs of Puducherry, Dadra Nagar Haveli and Daman & Diu. All B2C invoices issued during the previous month which have been uploaded on the application by 5th of the next month will be eligible for the monthly draw. For Bumper prize, a quarterly draw will be conducted for all invoices uploaded in the last 03 months (till 5th of the month of the bumper draw) will be considered. Periodicity of draw and prize structure are as below.
| Frequency | No. of Prizes | Prize Money in Rs |
|---|---|---|
| Monthly | 800 | 10,000 |
| 10 | 10,00,000 | |
| Quarterly (Bumper Draw) | 2 | 1,00,00,000 |