- The government has implemented advanced technology and data analytics to strengthen indirect tax (GST) compliance and curb tax evasion.
- Key measures include mandatory Aadhaar authentication for new GST registrations, stricter return filing requirements, risk-based refund processing, and integration of e-invoicing systems.
- Enforcement actions target fraudulent entities using fake invoices, and the e-invoicing threshold for B2B transactions has been progressively lowered.
- Artificial Intelligence, Machine Learning, and data analytics are used to identify high-risk taxpayers and improve compliance monitoring.
- These initiatives aim to promote voluntary compliance, reduce the burden on honest taxpayers, and ensure a fair and transparent tax regime.
Source: a2ztaxcorp.net
Note that this post was (partially) written with the help of AI. It is always useful to review the original source material, and where needed to obtain (local) advice from a specialist.
Latest Posts in "India"
- Supreme Court Rules: “Parts” Must Functionally Integrate into Machinery, Rejecting End-Use Claims
- Centre to Consider Panel’s GST Recommendations on Air Purifiers, Tells Delhi High Court
- Sunglasses Not Classified as Spectacles, Taxable at Higher 12.5% VAT: Punjab & Haryana HC
- BMW Urges No GST Hike on EVs as Electric Car Sales Surge Over 200% in 2025
- Supreme Court: Hostel Rooms for Students Qualify as Residential Dwellings, GST Exempt
