Union Budget 2021: Govt to deploy Artificial Intelligence and deep analytics for tax evasion

Geospatial World
02/01/2021 1 Minute Read
Other than the Ministry of Corporate Affairs, Indian Finance Minister Nirmala Sitharaman also announced the usage of deep analytics and Artificial Intelligence to track tax evasion in the Goods and Service Tax Network (GSTN).
Sitharaman said, “The capacity of the GSTN system has also been enhanced. We have also deployed deep analytics and Artificial Intelligence to identify tax evaders
and fake billers and launched special drives against them.”
The Indian government previously has used Machine Learning (ML) tools to fight tax evasion. This includes Project Insight. The project was launched in October 2017 to track tax evaders through technology, and further curb black money.

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