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GST Review December-2024

Future of GST practitioners, chartered accountants, and advocates!

Kishor Lulla
Indeed, artificial intelligence, automation and technological advancements have simplified GST compliance, making it easier for taxpayers to file returns and claim input tax credits. The GST portal's features, such as GSTR 2A, 2B, and the recent amendment allowing acceptance or rejection of input tax credits, have streamlined the return filing process. The day is not far away when the GST portal will prepare the entire return, leaving taxpayers with only the option to pay. This raises concerns about the future of GST practitioners, chartered accountants, and advocates. Same situation may happen after Direct Tax Code Impact on Compliance Practice: Reduced workload: With automation taking over, the workload for GST and I.T practitioners, Chartered Accountants, and Advocates will.......