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With GST, tax automation will become critical in meeting regulatory requirements. GST regime mandates a high level of synchronization between tax payer’s system and GST system, which without automation will be an impossible task. Item level detail in invoices, with reconciliation of sales register and auto-populated purchase register, on a minimum three monthly returns, other events such as auto reversals demands automation of tax compliance process within any tax entity.

Nishank Goyal, CEO MIPL