Ritika Bhansali, UnitedWorld School of Law, Karnavati University
ABSTRACT
Goods and Services Tax (GST) is one of the most transformational and revolutionary tax reforms in India. It is a comprehensive tax mechanism wherein all major indirect taxes are clubbed into one, whether they are levied on services or goods. The introduction of GST has had a significant impact on the Indian economy, and technology has played a crucial role in facilitating its implementation and ensuring its success. Admittedly, the Government’s objective behind the digitalized journey has been to use technology tools for transitioning India into “a tax compliant society” and offering better taxpayer services digitally which would help to mitigate cascading or double taxation, making integration and compliance easier. GST Technology has been beneficial for traders, consumers, government and whole economy. However, it has some disadvantages but it can be easily managed by proper digital administration of the system.
This paper presents an overview of Interrelation of GST and technology by taking reference from the recent developments of the GST technological transition. It further entails on the impact of such transition and elaborates on the legal implications and focuses on the risks and challenges associated.
Keywords: GST, Complex Working, Digitization, Information Technology, Administration.
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