Skip to main content

Delhi govt launches Bill Banvao Inaam Pao App to increase VAT collection

Delhi government launched Bill Banvao Inaam Pao Scheme(Collect a Bill, win a prize) to increase VAT collection,the scheme will empower the citizens to become the part of the governance and to check menace of tax evasion. 

How does it work ?

  • The customer can upload the picture of cash memo not below 100 rupees in the mobile and send the snapshot of the bill on the application or through WhatsApp.

  • The bill must have Taxpayer Identification Number (TIN) which confirms that the seller is registered in the VAT department.

  • After that, an unique ID would be generated for each bill. The winner would be selected through a computerised lucky draw on 15th of every month.

  • The VAT department has about 20 teams, assisted by civil defence volunteers, to conduct checks on traders whose VAT filing evokes suspicion of evasion.

  • If the bill issued to a customer is not reflected on the online server of the VAT department, it would mean that the outlet is evading tax.  

What is the prize?

The prize amount would be five times the value of goods purchased. The bill should have the registration number of the dealer, full name of each item purchased and the rate of tax charged.

Statistics:

  • Out of the total tax revenue of Rs 34,661 crore in 2015-16, the VAT department was tasked to collect Rs 24,000 crore – 69 per cent of the total revenue collections.

  • Despite a 30 per cent augmentation in surveillance in VAT evasion, the department has only managed to collect Rs 15,000 crore.

  • VAT is supposed to contribute 69 per cent, excise 12 per cent, stamps and registration 11 per cent, tax on motor vehicles 6 per cent and luxury, entertainment and betting tax 2 per cent.

What is VAT?

A type of consumption tax that is placed on a product whenever value is added at a stage of production and at final sale.
Example: when a television is built by a company in Europe the manufacturer is charged a value-added tax on all of the supplies they purchase for producing the television. Once the television reaches the shelf, the consumer who purchases it must pay the value-added tax that applies to him or her.

Comments

Popular posts from this blog

India Tech Vision-2035

India Tech Vision-2035 India's technology thinktank under the ministry of science & technology has come out with `Technology Vision 2035' here at the ongoing Indian Science Congress, identifying the challenges ahead and how they can be dealt with through technological interventions while realising the dream of a developed India by the year 2035. The thinktank -Technology Information, Forecasting and Assessment Council (TIFAC) -in the vision document lists a technology roadmap for India, giving details of 12 sectors and technologies that in some cases exist but need to be deployed, some in the pilot stage that must be scaled up and technologies in R&D stage. It, in fact, talks about many future technologies, ranging from flying cars, real time translation software, personalised medicine, wearable devices, e-sensing (e-nose and e-tongue) to 100% recyclable materials among others which may be used in different areas to solve day-to-day problems “The trajectories del...

Civil Service Bytes News Analysis January 2016

Morning News Analysis with Mind Map   Odd-even scheme for cars rolls out in the National Capital to curb vehicular pollution.  Centre invites Gorkha Janmukti Morcha for tripartite talks on the Gorkhaland Territorial        Administration agreement.  In Bangladesh, two students sentenced to death for killing of a blogger in 2013.  The World welcomes New year 2016 with pomp and show.  In Sports; Indian Test Captain Virat Kohli is BCCI's 'Cricketer of the Year' 2015; Mithali Raj picked for women's top award.  And, India to meet Afghanistan in the final of the South Asian Football Federation Cup.

SWACHH BHARAT MISSION

SWACHH BHARAT MISSION Prime Minister Narendra Modi launched the Swachh Bharat Mission (SBM) on October 2, 2014, the birth anniversary of Mahatma Gandhi. The ambitious programme aims to make the streets, roads and infrastructure across the country clean by October 02, 2019, the 150 th  birth anniversary of the Father of the Nation. It is India’s biggest ever cleanliness drive. The relevance of the Swachh Bharat Mission Sanitation has emerged as a key issue since the 2011 Census highlighted e glaring data on lack of toilets in the country by stating that over 26 million people in India defecate in the open. Launched with an estimated cost of around Rs 62,009 crore, Swachh Bharat Mission aims to achieve the elimination of open defecation in the country. Among its other objectives are conversion of insanitary toilets to pour flush toilets, putting an end to the inhuman practice of manual scavenging and carrying out Municipal Solid Waste Management (MSWM). Involvem...