2025, Vol. 6, Special Issue 3
Future of Accountancy and GST Compliance using AI
Author(s): Roshni Ramlal Paswan and Monika M Jogdand
Abstract: The quick movement of development of Artificial Intelligence (AI) is having a tremendous impact on the profession of accountancy, and the aspects of GST compliance. This paper will provide insight relating to how AI can be used to ameliorate current inefficiencies while governing, including automation of manual processes such as manual data entry, invoice processing, GST return filing and reconciliations. These manual processes are cumbersome, incorrect, costly, and exposed to further compliance risks. Many businesses have been confused with the increasing complexity of GST laws, let alone the reduced resources available to comply for small and medium enterprise (SME) firms. This study undertook a thorough literature review, as well as its own survey and interview-based primary research, and has established that many current AI tools are limited and located in spaces such as adaptability to legal changes, real-time compliance, and transparency of the systems. Reported user satisfaction levels were low, mostly because of usability problems, no ongoing dynamic nature of updates, and very limited organizational explainability. Small and medium-sized enterprises (SMEs) were considered to be even more disadvantaged, based on the limited budgets, technical capacity, and the complexity of tools interface development. To address this, the research articulated an AI solution based on full-cycle automation, with real-time compliance supervision, explainable AI usability (XAI), and usability-orientated for SMEs. Survey data demonstrate that there is potential for richness in the anticipated satisfaction expectations from users based on these proposed features, laying the rationale for advanced, more intuitive and SME-orientated AI systems. There are numerous implementation hurdles to overcome such as the cost of development, integration into existing platforms, resistance to change, and data privacy and security issues. Solving these challenges will be important in facilitating acceptance and widespread application of AI across the accounting sector as a whole. This research has shown significance by going further than theoretical discussion and offering evidence as well as practical and applied examples as to how AI can reconfigure the future of accountancy and GST compliance. The research establishes a groundwork for the next generation of AI that can produce results that are functional, accessible, but also transparently, adaptable, and accessible, which will be available to a variety of businesses
DOI: 10.22271/27084515.2025.v6.i3Sa.816
Pages: 167-170 | Views: 125 | Downloads: 42
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How to cite this article:
Roshni Ramlal Paswan, Monika M Jogdand. Future of Accountancy and GST Compliance using AI. Asian J Manage Commerce 2025;6(3S):167-170. DOI: 10.22271/27084515.2025.v6.i3Sa.816
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