GST Council meeting: Lottery scheme with up to Rs 1 cr prize to get nod
GST Council meeting: Lottery scheme with up to Rs 1 cr prize to get nod Winners will be selected by the National Payments Corporation of India Current Affairs :The lottery plan to urge purchasers to request a receipt is probably going to have awards in the scope of Rs 10 lakh to Rs 1 crore a month. Champs will be chosen by the National Payments Corporation of India. It will be on the lines of what the Delhi government had under its prior Value Added Tax system (in 2015) for purchasers, said an authority. The regional government had presented a ‘Bill Banao, Inaam Pao’ conspire at that point. The Consumer Welfare Fund (CWF), where hostile to profiteering continues are kept, will be utilized to support the proposed lottery prizes. As per the counter profiteering rules under GST, providers of products and enterprises should pass on the similar advantage of any decrease in paces of assessment or the advantage of ITC by comparable decrease in costs. CWF was made by the focal gov...