Build trust in GenAI to transform India’s data-rich tax landscape: Report

With Generative AI being the latest buzzword around the globe, business leaders in India are also hopeful of the transformative potential of GenAI. According to a latest report by PwC titled ‘27th Annual Global CEO Survey: India perspective’, Indian CEO’s are anticipating significant top and bottom-line benefits.

The report has put forth the impact of GenAI on taxation, saying that with the technology, managing tax compliances will become easier. It said that GenAI can help organisations track latest laws and regulations around taxation and help overcome the current time gap between regulatory requirements and readiness of an organisation to furnish large amounts of data.