To lure the customers in paying GST, the government is planning to give prize money as high as Rs. 1.15 crore! Yes, the range is between Rs 10 lakh to Rs 1 crore to consumers who take bills and pay GST while making purchases. The bill with GST paid can be considered as a lottery ticket of sorts! The GST Lottery scheme is proposed so as to see an increase in GST compliance amongst the consumers and encourage them to pay their taxes timely. As per the proposed plan by Government of India, a GST lottery scheme is to be introduced to lure taxpayers to pay their GST. For the initial period, the GST panel shall hold daily and monthly lotteries for customers who indulge in a B2C transaction and remember to take a copy of the bill after paying applicable GST.

The consumer will be required to upload the bill on a dedicated portal or app. The app or the portal will automatically capture the phone number, bill number, and GST number of the trader, through which names of the winners will be selected.

Another important aspect is that the GST collections rose in January to Rs 1.15 lakh crore! At a high-level meeting, the Department of Revenue has raised the GST collection targets. The amount stated was Rs 1.15 lakh crore for January and February 2020. For March, the target is Rs 1.25 lakh crore in the GST collection.

Bill Banao – InamPao

In the year 2015, a similar scheme – “Bill Banao Inaam Pao” was introduced by the Delhi Government. As per the scheme introduced by the central government, the consumer was eligible for a prize of five times the taxable value subject to a cap of ₹50,000, if the purchase was made from a registered dealer.

Over the months, the government has considered multiple options to plug revenue leakages including incentivizing QR code-based transactions, loyalty programs, and lotteries. The introduction of the lottery scheme system may also help to keep a check on traders who are collecting GST from consumers but not depositing the same to the government.

IRIS Peridot – GSTIN Search

IRIS Peridot is a GSTIN health checker that allows you to check the GST compliance history of any GSTIN holder on the go. A handy and easy to use app, IRIS Peridot helps you to verify the correctness of a GSTIN by validating it with GST system. It is a searchable data repository also available via APIs and is designed to take in additional data sets in future. What makes IRIS Peridot app unique is the ability to recognise GSTIN from any cluster of text.

All you have to do is Scan> Check Compliance status> Report (any non-compliance) directly to the CBIC.

Here are the new Features on the IRIS Peridot App!

You can now check out the additional details in “Compliance Status”

• Latest filing month and date of GSTR1
• E-Way Bill generation status whether active or blocked

You can also check updates in Filing Status Page

• Filing frequency of GSTR 1
• GSTR 1 filing history for regular tax payers
• Filing details are grouped Financial year wise

IRIS GST, one of the leading GST Suvidha Provider (GSP) in India, is a one-stop solution for your GST Software (IRIS Sapphire) and E-way bill software (IRIS Topaz) related issues. For any queries or to know more about our GST Compliance solutions, kindly drop us a mail at support@irisgst.com.