EEPC India proposes a "faceless" GST audit system to simplify compliance for small businesses.

EEPC India proposes a "faceless" GST audit system to reduce compliance costs and streamline procedures for MSMEs, inspired by the Income Tax department's successful 'faceless assessment.' This technology-driven system aims to enhance business ease and attract foreign investors, potentially improving India's Ease of Doing Business ranking. Additionally, EEPC India suggests making Reverse Charge Mechanism (RCM) liabilities eligible for an Amnesty Scheme to aid exporters facing compliance challenges.

3 months ago
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