Bhopal: Highest tax-paying bizmen to get Bhamashah Award

Bhopal: Highest tax-paying bizmen to get Bhamashah Award

State finance minister Jagdish Deora will preside over the function.

Staff ReporterUpdated: Wednesday, November 02, 2022, 12:45 AM IST
article-image
Representative Photo |

Bhopal(Madhya Pradesh): State government has started an initiative to honour highest tax-paying businessmen under GST law in the state. The businessmen who deposited highest tax in 2020-21 and 2021-22 will be honoured with Bhamashah Award.

Chief Minister Shivraj Singh Chouhan will felicitate businessmen at a function to be organised at Ravindra Bhavan on November 3. State finance minister Jagdish Deora will preside over the function.

The purpose of instituting Bhamashah Award is to encourage suppliers who will deposit highest tax under provisions of Goods and Services Tax Act in Madhya Pradesh.

At the state level, 5 categories of suppliers have been created for awards. First category will include suppliers whose turnover in a financial year is less than Rs 1.5 crore. Second category will include suppliers whose is more than Rs 1.50 crore but less than Rs 50 crore. Third category will have suppliers whose turnover is more than Rs 50 crore but less than Rs 500 crore. Fourth category will include suppliers whose turnover in financial year is more than Rs 500 crore. The fifth category is that of government departments and public undertakings.

The awardees will get cash prizes and certificates.

RECENT STORIES

Madhya Pradesh Exporters Look Beyond US After Trump Tariff; US Currently Accounts For 16% Of MP’s...

Madhya Pradesh Exporters Look Beyond US After Trump Tariff; US Currently Accounts For 16% Of MP’s...

Bhopal's Raja Bhoj Airport Redesigning: Terminal To Have Separate Arrival, Departure Halls To...

Bhopal's Raja Bhoj Airport Redesigning: Terminal To Have Separate Arrival, Departure Halls To...

Probe Ordered Into ₹2.2 Crore Ration Siphoning Scam In MP's Jabalpur

Probe Ordered Into ₹2.2 Crore Ration Siphoning Scam In MP's Jabalpur

Bizarre! Man Declared Dead On Paper Comes Forward At A Public Hearing In MP's Gwalior

Bizarre! Man Declared Dead On Paper  Comes Forward At A Public Hearing In MP's Gwalior

17-Year-Old Boy Kills Self Over Marriage Argument With Mother In Bhopal

17-Year-Old Boy Kills Self Over Marriage Argument With Mother In Bhopal