Finance panel calls for AI checks for tax refunds

A parliamentary committee has identified a concerning surge in income tax refunds that are taking too long to process. To expedite genuine claims, they suggest leveraging artificial intelligence. Additionally, the committee pointed out serious issues with Goods and Services Tax evasion, citing uncollectible tax dues and fraudulent Input Tax Credit claims as critical areas requiring reform in tax administration through technological advancements.

Raccontata daeconomictimes.indiatimes.com