Dear Pramod :
My following suggestion can be one more
example of the far-reaching benefits of Aadhar
Warm Regards,
Hemen Parekh
+91 98675 50808
Friday, 19 May 2017
A Pre-paid Electricity Meter ?
In
an interview with Economic Times ( 15 May ) , Minister for Power / Renewable
Energy , Shri Piyush Goyalji says :
---------------
----------------------------------------------------------------------------------
“
UPA has been a sad example as during its tenure , people used to receive high
power bills all of a sudden .
In
some cases, the poor will not receive bills for months together and one day ,
he will receive a bill for last two years
Then
he is harassed to pay up
We
are talking to all the States that they have to ensure monthly bills , so
people don’t get a shock
If
there is a default, then action can be taken on a monthly due amount “
As
compared to those old days , of course , things are much better now
In
case of many DISCOMS ,
people can make an Online Payment from their web sites
I
believe , some of these DISCOMS have
even launched their own AEPS mobile wallets / apps , using which , power
consumers can make payments against their monthly bills
But
, how about a Prepaid Electricity Meter , with following features /
functionality ?
· It will be a Tablet look-alike device
·
· It will show daily – weekly – monthly
, power consumption of the premises
·
· It will show the “ average / highest /
lowest “ monthly consumption
·
· It will also show how many UNITS
remain to his BALANCE , at any given time
·
· It will show a GRAPH comparing
consumptions during any two “ periods “
·
· It will have facility to enter ( type
in ) , customer’s Aadhar Number ( of course, linked to his Bank Account Number
)
·
· After login ( using biometric
identification of Finger + Iris + Voice ) , customer can “ Re-charge “ his “
Account “ with ( say ) , Rs 1,000 / - at the beginning, using the built-in
Virtual Keyboard ( Device will have built-in camera )
·
· When the “ balance “ to his credit
falls to ( say ) Rs 100 / - , an alarm will ring and he will also get Email /
SMS / WhatsApp reminder
·
· If he fails to “ Re-Charge “ his
account , power will get disconnected upon the balance falling to Rs 10/-
!
·
· Power will start flowing again as soon
as consumer “ re-charges “ through device
None
of this ( hardware + software + wireless telecom ) , is a Rocket Science !
Any
Start Up can come up with such a total , end-to-end , solution within 6 months
!
Only
thing , this device cannot stop is UN-METERED THEFT of power , where wires get pulled from
a power-line , bypassing the meter !
Other
than this one limitation , this suggestion has the potential to dramatically
improve the Financial Positions of the State DISCOMS !
Dear Shri Goyalji ,
Would
you like to pose this challenge to our Start Ups ?
19
May 2017
From: Hemen Parekh
[mailto:hcp@recruitguru.com]
Sent: 02 May 2017 08:17
To: 'Pramod Varma (UIDAI)'
Cc: hcp@recruitguru.com
Subject: RE: Thank You
Sent: 02 May 2017 08:17
To: 'Pramod Varma (UIDAI)'
Cc: hcp@recruitguru.com
Subject: RE: Thank You
Pramod ,
Glad to know that you will share my mail
with the members of your team
Feel free to ask questions , if any
In any case, I welcome your comments re
the feasibility of some of my suggestions
In the meantime , find below my today’s
blog
Warm Regards,
Hemen Parekh
+91 98675 50808
Nightmare of
GST ?
HINDUSTAN TIMES ( 01 May 2017 ) carries
following news report :
“ You may have to fill 37 forms a year
to be GST compliant “
GSTR
The tax returns under GST will be 37
in a year for a company; GSTR-1, GSTR-2 and GSTR-3—for each month, and one
annual return. For a company with operations in 20 states, it means 740
annual returns.
The finance ministry officials said they
are trying to further simplify the process so that small businesses are not
overburdened with filing returns.
Experts point out the huge reporting
requirement under GST that has be handled and understood by taxpayers, be it
businessmen or professionals. This is in contrast to the half-yearly returns
mandated under the present service tax regime.
TRACKING TRANSACTIONS:
A businessman registered under GST, will
have to upload all sales and stock transfer details on the GSTN. Every
transaction will also have to invoiced.
COMPLIANCE:
Those paying tax under GST, will have to
make investments to ensure compliance. Taxpayers will have to raise invoices
and bills in the correct format laid down by the GSTN. E-way bills will have to
be generated for every stock movement. Debit and credit notes will also have to
be maintained along with books of accounts in the approved format.
Can this nightmare be turned into a
day-dream ?
It is not merely , a question of “
can “ !
It is a question of “ how ? “
By implementing my following blog (
earlier sent as email to NDA Ministers ) :
Wednesday,
7 December 2016
From UPI to UTI
Of
late, UPI ( Unified Payment
Interface )
is talk of the town
It
is high time , we also start talking about UTI ( Unified Transaction
Interface )
Without
naming it as such , Income Tax Department has already started compiling and
analyzing , high value sales / purchase transactions , to figure out instances
of suspected tax evasions
IT
recently sent out notices ( Emails ? ) to some 7 lakh parties involved in 14 lakh high value non-PAN transactions, asking them
to furnish their PAN details
Under
several laws / rules / regulations , IT requires various agencies / entities /
individuals , to furnish a lot of information whenever money changes hands
Following
are a few examples :
---------------------------------------------------------------------------------------------------
Who must report ? : Banks / NBFC / Post offices
What
?
: Time Deposits ( if totaling Rs 10 L or more in
a year )
---------------------------------------------------------------------------------------------------
Who must report ? : Companies / Mutual Funds
What
?
: Purchase of shares / Mutual Fund units (if Rs 10 L or more in a
year )
---------------------------------------------------------------------------------------------------
Who must report ? : Professionals / Businessmen
What
?
: Cash receipts exceeding Rs 2 L from any person for sale of
goods / services
---------------------------------------------------------------------------------------------------
Who must report ? : Jewellers
What
?
: TCS ( Tax collected at Source ) for sale of bullion exceeding Rs 2 L or
jewellery exceeding Rs 5 L in cash
---------------------------------------------------------------------------------------------------
Who must report ? : Any Seller
What
?
: Sale of any other Goods / Service exceeding Rs 2 L
---------------------------------------------------------------------------------------------------
Who must report ? : Property Buyers
What
?
: TDS ( Tax deducted at Source ) for purchase of property with a value
exceeding
Rs 50 L ( to be reported before paying the seller )
---------------------------------------------------------------------------------------------------
Who must report ? : Person making any payment
What
?
: Lottery / Game winning prizes exceeding Rs
10,000
( to be reported before paying the winner )
---------------------------------------------------------------------------------------------------
Who must report ? : Buyer
What
?
: Quote PAN while buying / paying / depositing ,
* Property exceeding Rs 10 L
* One time payment at hotels / restaurants, exceeding Rs 25,000
*
Depositing cash exceeding Rs 50,000 in a day with a bank
* Purchase of Foreign Currency exceeding Rs 50,000
---------------------------------------------------------------------------------------------------
Who must report ? : Seller
What
?
: Verify PAN and furnish a statement to IT department on
transactions
beyond a certain threshold
---------------------------------------------------------------------------------------------------
Who must report ? : Banks / Mutual Funds / Companies /
Registrars
What
?
: Annual Information Report ( AIR ) on high value
transactions
--------------------------------------------------------------------------------------------------
{ Source : Maulik Madhu / Business Line / 05
Dec / Government on Data Trail }
---------------------------------------------------------------------------------------------------
Considering
the effort involved in compiling / collating and analyzing such a massive data
, coming in continuously from lakhs of sources , it was natural for the IT
department to make use of computer based BIG DATA analytics
, to narrow down those suspicious cases
In
our goal to make India , a LESS CASH economy
, UPI
/ AEPS ( Aadhar Enabled
Payment System ) , was an important FIRST step
But UPI /
AEPS , just does NOT cover those sale / purchase
transactions which take place using Credit
/ Debit cards and private brand Mobile Wallets !
To
ensure that these transactions too get into the database of the Income Tax
department , I suggest following :
STEP # 2
All
other PRIVATE brand Mobile Wallets ( Paytm / MobiQuick / ItzCash /
FreeCharge etc ), must be integrated with UPI, so that the sale / purchase TRANSACTION DATA generated through use of such private
mobile wallets too gets integrated into the COMMON database of the Income Tax
department
STEP # 3
All Card-Swipe / PoS machines must be UPI /
AEPS compliant, so that all sale / purchase TRANSACTION DATA generated through use of all
CREDIT / DEBIT cards, too gets integrated into that COMMON database of IT Dept
STEP # 4
All
sale / purchase transactions by all other Electronic Fund Transfer Network (
EFTN ), too must be also transmitted / deposited , into this COMMON DATABASE of TRANSACTIONS
IN NUT-SHELL :
All sale / purchase transactions of any kind ( goods
or services ) , MUST all get into a COMMON / CENTRAL database , through
introduction of a UTI ( Unified Transaction Interface )
UPI
+ UTI =
" Less Cash " + " Less Evasion " + " Less Black "
I
request Shri Arun Jaitley-ji to consider my suggestion
02 May 2017
From: pramodkvarma@gmail.com
[mailto:pramodkvarma@gmail.com] On
Behalf Of Pramod Varma (UIDAI)
Sent: 01 May 2017 17:05
To: Hemen Parekh
Subject: Re: Thank You
Sent: 01 May 2017 17:05
To: Hemen Parekh
Subject: Re: Thank You
Thanks! Will share with the team.
Regards, Pramod.
linkedin.com/in/pramodkvarma | @pramodkvarma
On Mon, May
1, 2017 at 10:31 AM, Hemen Parekh <hcp@recruitguru.com> wrote:
Dear Pramod ,
Thank you for your following message
through LinkedIn
--------------------------------------------------------------------
-----------------------------------------------------------------------------
I do keep track of developments in AEPS / BHIM mobile wallets , as reported in
media
For over a year now , I have been
sending my blogs ( as emails ) to several NDA Ministers / secretaries / MPs /
MLAs etc , in respect of my suggestion to make BHIM
, voice enabled in several Indian languages
You may like to see my suggested
ROAD MAP for BHIM at :
With Regards,
hemen
parekh
(
M ) +91 - 98,67,55,08,08
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