<p><em><strong>By Niraj Hutheesing, </strong></em></p>.<p>The 2021 Union Budget provides two big opportunities.</p>.<p>Firstly, boost economic growth by scaling investment in digitization. Secondly, drive technology-enabled rationalization of the country’s tax infrastructure. The former will bring employment and self-employment opportunities for the youth through digital initiatives of start-ups and MSMEs.</p>.<p>The latter will enable businesses to thrive in a simplified indirect- tax compliance regime powered by new technologies like hyper-automation. This will also ensure that the funds collected through GST are used efficiently and help in generating economic growth in this financial year.</p>.<p>It is important to have a set framework and policy for GST compliance for all businesses in India, let us see how the government addresses this.<br /><br /><em>(The author is the founder and Managing Director, Cygnet Infotech)</em></p>
<p><em><strong>By Niraj Hutheesing, </strong></em></p>.<p>The 2021 Union Budget provides two big opportunities.</p>.<p>Firstly, boost economic growth by scaling investment in digitization. Secondly, drive technology-enabled rationalization of the country’s tax infrastructure. The former will bring employment and self-employment opportunities for the youth through digital initiatives of start-ups and MSMEs.</p>.<p>The latter will enable businesses to thrive in a simplified indirect- tax compliance regime powered by new technologies like hyper-automation. This will also ensure that the funds collected through GST are used efficiently and help in generating economic growth in this financial year.</p>.<p>It is important to have a set framework and policy for GST compliance for all businesses in India, let us see how the government addresses this.<br /><br /><em>(The author is the founder and Managing Director, Cygnet Infotech)</em></p>