TRANSFORMING INDIA

Innovation for Viksit Bharat

Initiative Details

Project Name Lucky Bill App
Department/State/District Kerala University of Digital Sciences, Innovation and Technology (Digital University Kerala)
Sector Improving Governance
Year 2023
Project Details

Summary

The implementation of the Goods and Services Tax (GST) System in India has presented opportunities and challenges in tax administration. However, the government has faced issues like tax evasion since its implementation. To address modern tax evasion techniques, the State GST Department sought a robust tracking and monitoring system. The quality of data for monitoring taxpayers heavily relies on business transaction records. A significant source of leakage was found to be business-to-consumer transactions without proper invoices. Digital University Kerala undertook extensive research and developed the user-friendly "LuckyBill" app, powered by artificial intelligence. This app encourages consumers to effortlessly submit their GST bills, simplifying tax compliance. It bridges the gap in data quality by involving consumers directly and fosters a culture of tax compliance. Through the app, consumers also participate in lucky draws, enhancing motivation for tax compliance and contributing to overall development. This initiative strengthens the bond between consumers and the GST department, promoting transparency in financial transactions and supporting a fair business environment... Read More