HENCY R SHAH AND ASSOCIATES

 Mera Bill Mera Adhikar scheme Mera Bill Mera Adhikar is a government initiative launched on September 1, 2023, to encourage consumers to request GST invoices. The scheme offers cash rewards, with 800 lucky winners receiving Rs 10,000 each every month, and quarterly draws for a chance to win Rs 1 crore. Eligibility To participate in the scheme, consumers must: Be an Indian citizen Be a resident of India Be an adult Have a valid mobile number and email address How to participate To participate in the scheme, consumers must: Download the Mera Bill Mera Adhikar app from the App Store or Google Play. Register on the app or website using their mobile number and email address. Upload GST invoices with a minimum amount of Rs 200. Invoices that are eligible for the scheme include: Invoices for goods and services purchased from registered taxpayers Invoices that are generated by a GST-compliant billing software Invoices that have all the required GST details, including the seller's GSTIN, i...

  Will 28% GST kill real-money online gaming industry in India? Up until now, only online gambling and betting have attracted such a steep tax The government plans to slap a 28 per cent tax on all forms of online gaming to discourage the youth from getting addicted to such practices. Up until now, only online gambling and betting have attracted such a steep tax. Earlier this week, Finance Minister Nirmala Sitharaman announced a 28 per cent GST levy on the total game value for online gaming, horse racing, and casinos, equating skill-based online games (non-gambling games) with online games of chance (gambling games) under India's tax regime.    Current GST regime differentiates between skill-based games and gambling (based on chance) As of now, the GST regime differentiates online games based on skills versus chance. With the recommendation made at the 50th GST Council meeting, 28 per cent GST will be charged on full face value. A game of skill is one where t...