Frequent regulatory changes, full automation under GST making compliance difficult and expensive for taxpayers

The introduction of the Goods and Services Tax (GST) in India on July 1, 2017, was envisioned as a transformative step towards a seamless, technology-driven indirect tax regime. Central to this vision was the concept of invoice matching and automation, aimed at ensuring indirect tax compliance through real-time reconciliation of invoices between buyers and suppliers. However, the journey towards a…