🔴The Government has announced its intentions to establish an online auditing system under the Goods and Services Tax (GST) regime, as reported by a Parliamentary Panel.

✅ The parliamentary panel recommended the establishment of an online audit mechanism in order to make the process more efficient and less intrusive.

✅ The current GST audit process is largely manual, which can be time-consuming and burdensome for taxpayers. ✅ An online audit mechanism would allow taxpayers to upload their documents and records to a secure portal, which would be then be reviewed by tax officials.

✅ This would save taxpayers time and effort, and it would also reduce the risk of errors. The following are some of the benefits of the online audit mechanism: ▶️It would be more efficient and less intrusive for taxpayers. ▶️It would reduce the risk of errors.

▶️It would make it easier for taxpayers to comply with the GST rules. ▶️It would help to improve the transparency of the GST system.