Abstract
Digitization has become an increasingly important aspect of tax administration in India. Digitization is the process by which technology lowers the costs of storing, sharing, and analysing data. This article discusses the meaning and significance of digitization, along with the concepts of digital economy and knowledge economy. Thereafter it discusses the digital tools developed and other IT initiatives taken for various types of taxes such as income tax and GST. This discussion enables us to understand the benefits of digitization for tax administration in India such as cost reduction and better compliance.
Published Version
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