Filing return, be it direct tax or indirect tax, is going to be as simple as using the WhatsApp & Facebook

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Filing return, be it direct tax or indirect tax, is going to be as simple as using the WhatsApp & Facebook

Simplification and artificial intelligence is finding due place in tax compliance practice and tax portal.

In time to come, everything is going to be in auto fill mode wherein taxpayers role will be just to click the “SUBMIT” button in the portal.

The same concept of pre filled return form is also announced by CBDT in the last month.

Now, GSTN is also trying to make the life of businesses easy by linking internal data appropriately

Now, in GSTR , Dealer can import e- way bills data. See the image attached.

 

 

Most Important:

This is also  a time for tax professionals and tax consultants to review their role in days to come.

Filing return, be it direct tax or indirect tax, is going to be as simple as using the WhatsApp or Facebook.

Professional who dont take out their time to plan for their future role are likely to become Nokia.

The purpose of this write up is not to create any fear or feeling of insecurity but to enable all of us to review their present schedule vis  a vis  schedule in the past at the time of launching of GST and visualise the role in 2020 and onwards.

I am intentionally keeping the write up small & precise so that one can think more on this line.

Please do share your views on it by making suitable comments over it.

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