Advancing tax administration: Role of technology in India's tax ecosystem

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Advancing tax administration: Role of technology in India's tax ecosystem - Business Standard

Quick Summary:

The focus is shifting towards comprehensive technology platforms rather than isolated solutions targeting specific issues.

The EY TFO Survey reveals that 87 per cent of tax professionals acknowledge that GenAI enhances the efficiency and effectiveness of their operations, a substantial increase from the previous year’s survey.

To realise these benefits, businesses must innovate by adopting scalable integrated solutions, prioritising a data-centric approach, and enhancing workforce skill sets.