1.

Insistence upon bill of a product is not an individual benefit but also of the whole nation. Explain.

Answer»
  • Many consumers do not take the bill for the products purchased. They either forget or do not care, or avoid the bill to get hidden benefits.
  • When the consumer does not take bills, the seller may not show the sales proceedings in his book of accounts. Similarly, the consumer too will not show the expense in his accounts.
  • The purchase and sale of products come with a host of government taxes both for the buyer as well as seller. By not issuing the bills, both the buyer and the seller escape from paying the tax.
  • The tax money that the government gets is in fact put back into economy by means of raising and maintaining infrastructure in the nation. The money is also put in various projects for the development of the nation which then generates employment and keep the economy running and growing. So, directly or indirectly, the money benefits the individual too.
  • Thus, insistence upon bill of a product is not an individual benefit but also of the whole nation.


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