Tax Professionals Urge Govt to Enhance GST IMS for Better Compliance

Tax professionals have urged the government to enhance the Goods and Services Tax (GST) Integrated Management System (IMS) to improve compliance in the country. According to experts, the current system faces several limitations such as delays in processing returns, discrepancies in GST data, and complications faced by businesses, especially small taxpayers. The professionals stressed the need for more user-friendly features and automation in the system to streamline operations. They also suggested that improving the accessibility and speed of the system would help businesses comply more efficiently. Further, they recommended integrating more data analysis features to detect potential fraud and reduce tax evasion. The enhanced IMS is expected to be a step towards making the taxation system more transparent and ensuring better compliance from all stakeholders.