Solutions

Solutions

1. Real-time Anomaly Detection Via Ai

  • Solution : Implementing AI-powered tools like FIT to identify discrepancies in invoices and tax filings in real-time
  • Impact : GST compliance can be increased by 80%, reducing fraud cases significantly (Source: KPMG).

02. Integrated Gst Compliance Monitoring

  • Solution : Automating GST validation to ensure that invoice claims match tax e-way/e-invoice bills for loading, unloading, and location tracking.
  • Impact : Reduces manual verification efforts, speeding up fraud detection processes.
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03. Advanced E-way Bill Tracking

  • Solution : FIT's tracking feature ensures all e-way bills are verified against GST data.
  • Impact : Minimizes ₹25,000 crore annual fraud caused by bill misuse (Source: GST Network).

04. Regular Tax Policy Updates

  • Solution : FIT ensures all tools are aligned with the latest GST laws and amendments to keep businesses compliant.
  • Impact : Reduces legal risks and penalties for businesses, helping prevent ₹1.3 lakh crore in potential losses.

05. User-friendly Platforms For Taxpayer

  • Solution : Simplifying compliance with accessible interfaces for SMEs and enterprises to manage invoices and GST reporting.
  • Impact : Enhances adoption rates among businesses, with over 70% of users preferring intuitive solutions (Source: NASSCOM).