Why the GST audit can be seen as an opportunity, not just a futile compliance exercise

The goods and services tax (GST), which was implemented on July 1, 2017, has been one of the biggest indirect tax reforms India has ever seen. The initial year of GST has not been smooth. Typically, as a part of the GST implementation process, taxpayers across the nation carried out series of activities, including taking tax positions, extensive upgradation of ERP, and alteration of processes arou…