AI and Data Analytics Transforming GST Compliance Landscape

Finance

TonyTony

AI and Data Analytics Transforming GST Compliance Landscape

So, the finance ministry just unveiled their secret sauce! They're using AI and data analytics to catch those sneaky GST evaders while giving compliant taxpayers a break. Since 2017, GST registrations have shot up from 66.5 lakh to 1.65 crore. And guess what? Collections soared from Rs 13.76 lakh crore to Rs 22.27 lakh crore. Tax has never been this thrilling!