Proposal for ‘unique identification marking’ ( in short UIM) - for digitization of track and trace mechanisms to improve transparency and check tax evasion and also for penalty on contravention.

Proposal for ‘unique identification marking’ ( in short UIM) - for digitization of track and trace mechanisms to improve transparency and check tax evasion and also for penalty on contravention. https://www.taxtmi.com/article/detailed?id=13520 Proposal adds a statutory scheme for a unique identification marking (UIM): defined as a unique, secure, non removable mark including digital stamps; empowers the Government, on recommendation, to notify goods and persons, prescribe UIM form and content, provide systems for affixation and electronic storage, require payments for the system, and impose obligations to affix marks, furnish information and machinery details and maintain records in prescribed manners; contraventions attract an additional mandatory penalty. en-us Tue, 11 Feb 2025 13:06:49 +0530 Tue, 11 Feb 2025 13:06:49 +0530 TaxTMI RSS Generator Proposal for ‘unique identification marking’ ( in short UIM) - for digitization of track and trace mechanisms to improve transparency and check tax evasion and also for penalty on contravention. https://www.taxtmi.com/article/detailed?id=13520 Proposal adds a statutory scheme for a unique identification marking (UIM): defined as a unique, secure, non removable mark including digital stamps; empowers the Government, on recommendation, to notify goods and persons, prescribe UIM form and content, provide systems for affixation and electronic storage, require payments for the system, and impose obligations to affix marks, furnish information and machinery details and maintain records in prescribed manners; contraventions attract an additional mandatory penalty. Articles Goods and Services Tax - GST Tue, 11 Feb 2025 13:06:49 +0530 https://www.taxtmi.com/article/detailed?id=13520