GST compliance modernization demands accountants transition to tech-enabled advisory, real-time data governance and AI-assisted risk management.
The GST regime's technological shift-e invoicing, auto e way bills, real time invoice matching, pre filled/non editable returns and AI/ML scrutiny-makes source data validation the accountant's central duty. Accountants will move from manual filing to validating auto populated returns, handling real time exceptions, advising on ERP and e invoicing integration, and using data analytics and AI to detect anomalies. Concurrently, they must strengthen data security, guard against algorithmic bias, and develop advisory capabilities that turn compliance data into strategic business insights. (AI Summary)