No more tax evasion.
The goal of this app is to reduce tax evasion using a decentralised and secure Block Chain System.
- According to tribuneindia.com, there have been 20,233 cases of GST evasion worth Rs 93,642.08 crores since July 2017.
- The main reason is many fraud bills are generated .
- So a trustworthy system is required which could cater the need of aquiring correct information of the tax generated by buying various goods and hence prevent GST evasion.
- Concept of Block Chain can help as a solution to evasion.
- It is a decentralized, distributed ledger technology that records the provenance of a digital asset.
- A block chain system where all kind of business are registered by their GST number.
- Ethereum Block Chain
- Matic Mumbai Testn
- Flutter
- Remix IDE
- Business can register using GST number
- Business can generate bill for customers (GST to be paid directly to government)
- Government can view bills of all business
- Business can also view all its bills
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