Year: 2025
Type: article
Abstract: The integration of Artificial Intelligence (AI) into Goods and Services Tax (GST) calculation has revolutionized tax compliance and management.This research paper explores the various benefits of utilizing AI in GST calculations, focusing on improved accuracy, efficiency, and decision-making capabilities.By automating complex processes, AI not only reduces the burden on businesses but also enhances compliance with regulatory requirements.The paper outlines the objectives of the research, provides a comprehensive introduction to GST, details the calculation of net taxable liability, and discusses the steps involved in transitioning from Excel to an AI-powered dashboard.Furthermore, it presents numerical data and images of the dashboard, findings from the research, and concludes with implications for future practices in tax management.
Language: English
Subfield: Economics and Econometrics
Domain: Social Sciences
Open Access status: hybrid
OpenAlex ID: W4413699655