2 weeks ago

India Expands Technology Use to Improve Tax Compliance

India Expands Technology Use to Improve Tax Compliance
India among countries rapidly expanding use of technology for tax compliance: Expert · thehansindia.com

India is using more technology to manage its tax system.

One important platform is the Goods and Services Tax Network, or GSTN.

It helps taxpayers and tax officials work together.

Experts said income-tax services are also becoming more digital.

Businesses want taxes to be easier to understand and refunds to arrive faster.

They also want fewer arguments with tax authorities.

Governments, meanwhile, want to make sure they collect the taxes they are owed.

Experts said new tax laws, international tax rules and artificial intelligence will influence the future.

Key facts

Country highlighted
India
Technology example
The Goods and Services Tax Network (GSTN)
Event
23rd International Tax Conference
Organizer
Assocham
Taxpayer expectations
A simpler tax system, fewer legal disputes and faster refunds
Highlighted developments
The Tiger Global ruling, the new Income Tax Act, the global minimum tax framework and artificial intelligence
Government priority
Protecting tax bases

Quotes

Prashant Agrawal

Partner, Indirect Tax at PwC

“"India is among the countries rapidly increasing the use of technology for tax compliance. GSTN is the best example, where taxpayers and the administration work together,"”
thehansindia.com

Sources

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