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As GST turns 10, focus shifts to AI-led compliance, faster refunds, simpler tax processes
India's Goods and Services Tax, now in its tenth year, is evolving towards greater efficiency. The government is leveraging AI, data sharing, and simplified processes to cut compliance costs, expedite refunds, and enhance enforcement, especially for MSMEs. This reform has broadened the tax base, boosted compliance, and significantly increased revenues, transforming India's indirect tax landscape into a unified national market.
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economictimes.indiatimes.com
MSMEs and GST@9: Journey so far and next phase of reforms
For India Inc., including MSMEs, the focus appears to have shifted from stabilisation to optimisation, as confidence grows on account of digital adoption, proactive policy changes…
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As GST turns 10, focus shifts to AI-led compliance, faster refunds, simpler tax processes
India's Goods and Services Tax, now in its tenth year, is evolving towards greater efficiency. The government is leveraging AI, data sharing, and simplified processes to cut…
