The Tax Post-A bi-monthly Indirect Tax Bulletin - September 2020
29 September 2020
BDO in India is pleased to present ‘The Tax Post’ - A bi-monthly Indirect Tax Bulletin’ focusing on the world of Indirect Taxes, highlighting major trends across the space in India and globally, while also bringing forth practical views and experiences from industry experts.
Cover story: ‘Role of advanced data analytics in plugging revenue leakage’
One of the profound concerns of the Union and State governments in India has been to take timely action to streamline the taxation system to plug revenue leakage. With a large pool of data created within a few years, tax administrations experience data management as their biggest challenge. Having access to the right data will enable tax administrations to draw right conclusions and build valuable solutions. Increasingly tax authorities across jurisdictions are leaning towards ‘Advanced Analytics’, which is proving to be an extremely valuable tool in improving the tax administration’s effectiveness.