Civil Service Bytes

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...

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....

RBI to share bank’s inspection report  Bowing down to pressure, the Reserve Bank of India has agreed to share relevant extracts of its banks’ inspection reports with a  central economic intelligence   wing to help it check money laundering and violations of other banking laws. The central bank is expected to soon sign a Memorandum of Understanding with the Central Economic Intelligence Bureau (CEIB), an apex intelligence agency under the Finance Ministry, in this regard. The RBI had repeatedly refused to share inspection reports with the bureau citing legal hurdles despite the matter being raised time and again during the meetings of Economic Intelligence Council (EIC) headed by Finance Minister Arun Jaitley. The RBI was required to share relevant extracts of inspection reports with law enforcement agencies and CEIB to check black money and other financial crimes where gross violations of Know Your Customer (KYC) guidelines and Prevention of Money Laundering Ac...