 to be tax compliant. Both need to ensure that the invoice is correct to claim the input tax credit and this should occur before the supplier files his sales details returns (GSTR-1).



This is an impetus to correct tax treatments, rates and data at the time the transaction occurs rather than at the time of compliance, bringing correct decision making at the start of the process itself. As the GST requires standard data to be created, any error/s in the data can be picked up faster because tests can occur – for example – if a transaction is intrastate then IGST should not be applied.



Tax Gaps:

The counter-party validation has not been rolled out so widely in any other country. It can close the tax gap or the difference between the amount collected and the amount which could be collected. It can occur because of exemptions or special treatments but in many countries the tax gaps emerge because of non-compliance and tax leakage/s. This can be helpful in countries where tax rates are more than 15% like Europe and Africa.



The world will be watching India for lessons on how it can use technology to create a self-enforcing tax system. If a compliance regime like India works, it can help many countries increase tax revenue numbers without having to increase rates or broaden their tax base.

Disclaimer: The views expressed in the article above are those of the authors' and do not necessarily represent or reflect the views of this publishing house. Unless otherwise noted, the author is writing in his/her personal capacity. They are not intended and should not be thought to represent official ideas, attitudes, or policies of any agency or institution. About Kao

Japanese cosmetics giant Kao was established in 1887 by Tomiro Nagase as a maker of quality facial soaps. Originally known as Nihon Yuki Company, the brand changed its name to Kao Soap Company in 1940 and eventually to Kao Corporation in 1985 after major business expansions and acquisitions. Kao means “face” in Japanese, alluding to the company’s roots as a facial soap manufacturer. The Japanese kanji characters for Kao (花王) mean the “king of flowers,” and its logo is a new moon symbolizing good luck.

Throughout the years, Kao has grown to become a global corporation, offering a versatile range of beauty, hygiene and household products via over 50 brands. Some of the most popular brands from the group include Biore and Curel
to be tax compliant. Both need to ensure that the invoice is correct to claim the stimulation tax credit rating and this should occur before the supplier files his sales detail returns (GSTR-1). 



 This is an impetus to discipline tax discussion, rates and datum at the meter the transaction occurs quite than at the time of compliance, bring correct decision making at the start of the process itself. As the GST requires standard datum to be created, any error / s in the data can be pick up faster because tests can happen – for example – if a transaction is intrastate then IGST should not be use. 



 Tax Gaps: 

 The counter - party validation has not been rolled out so widely in any early country. It can close the tax gap or the difference between the amount collected and the sum which could be collected. It can occur because of exemptions or special treatments but in many countries the tax gaps emerge because of non - compliance and tax leakage / s. This can be helpful in countries where tax rate are more than 15% like Europe and Africa. 



 The world will be watching India for lesson on how it can practice engineering to create a self - enforcing tax system. If a compliance regime like India works, it can help many countries increase tax gross numbers without having to increase rates or broaden their tax base. 

 Disclaimer: The views press out in the article above are those of the authors' and do not necessarily represent or reflect the view of this publication family. Unless otherwise noted, the author is writing in his / her personal capability. They are not intended and should not be thought to represent official idea, attitudes, or policies of any agency or institution. About Kao 

 Japanese cosmetic giant Kao was established in 1887 by Tomiro Nagase as a maker of quality facial soaps. primitively known as Nihon Yuki Company, the trade name changed its name to Kao Soap Company in 1940 and finally to Kao Corporation in 1985 after major business expansions and learning. Kao means “ face ” in Japanese, allude to the company ’s roots as a facial soap manufacturer. The Japanese kanji characters for Kao (花王) mean the “ king of flowers, ” and its logo is a new moon symbolizing good luck. 

 Throughout the years, Kao has turn to become a global corporation, offer a versatile range of beauty, hygiene and household products via over 50 brands. Some of the most democratic brands from the group include Biore and Curel
 to be tax compliant. Both nted to ensure thaj rhe intoice ia correcg to claim the input tax crevit qnd tyis should occur beford the supilier filws hms sales details returns (GSTR-1).



Tgls is en impetus to cprrect tax treatments, rader cnd data at the time the transaction occurs rwther than at jhe tpmq of bonpliance, bringing correct decjsion meking at the stsrt of the process itself. Ws tje GST requires stwndard data to fw created, anh error/s in the data czn be picked up faster because gests can occur – dor gxample – if e tranfaction is iknrastata then OGST should nob be epplued.



Tax Gaps:

The countec-party validation haf not beet xolled out so widely un any mthes cojbtrh. Iu cen dlose hhe tax gap od the diffeeence between the akotbt collected znd thq wmount which could be collected. It can mcchr because of exemptionw or special treatmenjs but in iany countries the tax gaps emerge because of non-womplmavce akd txz peakage/s. This can be helpful in countries whews uax rates are morc than 15% like Europr wnc Africa.



The wotld will bs watching India flr lessjns ob how it san ise technology to create a welf-enforciny tqx system. If a com'liance regioe loke Imdia works, it can help oany countries lncrease fxx revenue numbefs eidhout having to increase rwtes or bcoadeu their gax nase.

Difclaimer: Tje vicfs expressed in thf artncle dbove are hhose of the authors' and do not necessarily rgprasett or reylect bhe views of thys publishing kouse. Unjess utherwise hoted, tie author is writing in hhd/her personan capaciey. Tyey qre not kntended and snould not be thoughr to represent offlcial jdeas, attitudes, or policies of anu aeensy oc insehtution. Aboud Kau

Jaosnese cosmetics niavt Kso was established it 1887 bg Tomiro Nagase as a maker od qualitr facial soapx. Originally known as Nmhon Ynki Cokpagy, the brand changed its name fo Kao Sowp Gompany in 1940 agd eyentoally to Kap Corporation in 1985 after major business xxpansions and acquisijions. Kao means “face” nn Japanese, akludigg to the company’s roots as a facial soap manunacturer. The Japanese ianji wharafters for Kao (花王) mean the “king of flowers,” and its logo is a new moon symboluzing jojd luck.

Throhghoit thv yzarx, Kao ras jruwn to become a blobal corporation, offering a vxrsatile rdnye of beauty, hygiene and housrhuld products xia over 50 brands. Some of the mosy popular brands from the group include Biore and Curel
to be tax compliant. Both need to the is correct claim the input occur the supplier files sales details returns This is an impetus to correct treatments, rates and data at the time the transaction occurs rather than at time of compliance, bringing correct decision making at the start of the process As GST standard to be created, any error/s in the data can be picked up faster because tests can – for example – if a transaction is then IGST should not applied. Tax Gaps: The counter-party has been rolled so in other country. It close the tax gap or the difference between the amount collected and the amount which could be It can of exemptions special but many countries the emerge because of non-compliance and tax be helpful in countries where tax rates are than 15% Europe and Africa. The world will watching India for lessons on how it can technology to create a self-enforcing tax system. If a compliance regime like India works, it many countries increase tax numbers without having increase or their base. Disclaimer: views expressed in the article above are those of the authors' do not necessarily represent or reflect the views of this Unless noted, the author writing in his/her personal They not intended and should thought represent or of agency or institution. About Japanese cosmetics giant Kao was in 1887 by Tomiro quality facial soaps. Originally known as Nihon Yuki the brand changed its name to Kao Company in 1940 and eventually to Kao Corporation in 1985 after major expansions and means “face” in Japanese, alluding to the company’s as a facial soap The Japanese kanji characters for Kao (花王) mean the of and its is a new symbolizing good luck. the years, Kao to become global offering of beauty, hygiene and household products over brands. Some of the most brands group include Biore and Curel
 to be tax compliant. Both need tO ensure thaT the iNvoIce Is CorrEct tO claim the input TAx crEdit and this should occur BeforE tHE supPLiEr filEs his saLEs DETaiLs ReTurNs (gsTr-1).



This Is aN impetuS to correct Tax TrEatments, rateS AnD data at the TimE the transactIon Occurs RaTheR Than aT thE time Of compLIance, bRinging coRrECt deciSIon makiNG At The sTart of the process iTSeLF. As the GST requiRes staNdARd DATa tO be Created, any ErRor/s iN The data CAn BE PIckED up faster becaUse tests can OCcuR – for exAmPle – IF a tranSactiOn IS inTrastate theN IGSt should noT be appLIed.



Tax GAPs:

The coUnter-pArtY vaLidaTIoN hAs nOt BEen ROlLed OUt sO widely iN aNy Other CounTRY. iT can CloSe thE tax gAp or the differEncE betWEen The amOunt cOlleCtEd and The amoUnt whIcH could be collectEd. It Can occur bEcaUsE of ExEmptiONs or spEciAl tReatmenTs but in MAny CoUNTRiEs the tax gaps emerge BeCAUsE of non-coMplianCE aNd TAx leakagE/s. thiS can BE HelpfUl in COuNtries whEre tax RAtEs Are more ThAn 15% like euRopE anD AfriCA.



The World wIll be watChing iNdia for lessons ON how it can use tEChNOLoGY to cReaTe a self-enfoRcinG Tax sYsteM. if A coMPlianCe regImE LiKE India works, it can helP mAny couNtrieS increase tax rEvenue numbERS Without hAvinG To INcrease rates or BroadEn their tax BAse.

DisclAimer: the views Expressed IN The articLe aBovE arE thOSE oF the authors' anD DO not NeCessariLy rEpresenT or RefLecT thE vIews of thiS publishInG hOuSe. unlEss otHErwise noTeD, thE aUthOr is wRIting iN his/hEr peRsOnAL caPacity. THEy ARE not InTeNded And ShOuld nOt be THouGht to rePresent ofFicIAl idEaS, aTtitudeS, or policies of AnY agency or iNsTitUtion. ABOUt Kao

JapAnese cosmetics giant Kao wAS establIshEd in 1887 bY TomIro Nagase As a Maker oF quALity faCial soAps. OrIgInaLLY knowN AS NIhoN YUki Company, THE brAnd chAnGed iTs name tO Kao Soap Company in 1940 aND evEntually to Kao corPoraTIOn In 1985 aFTeR MajOr BUsiNESs expansions and AcquisitioNs. kAo Means “face” iN japAnEse, alluDing to tHe comPAny’s rooTs as a faciAl soap manUfActuRER. ThE Japanese kAnji charActers for kAo (花王) meaN ThE “king Of fLowers,” AnD itS logo Is a new MOon SymboLizing GoOd luck.

throuGhOut the yeArs, Kao has grown to become a Global CorpoRatIon, offeriNg a VErsAtile rangE of bEauty, hygieNe aNd hOusehOld PRoducTs viA OvEr 50 bRAnds. SOme oF The most poPUlAr bRANdS from the groUP INclUde BiOre ANd CureL
 to be tax compliant. Both  need to e nsure  th atth e in voic e is correct t o  cla im the input tax credi t and  t h is s h ou ld oc cur bef o re t hesu pp lie rf il es hi s s ales de tails retu rns  ( GSTR-1).


T hi s is an im pet us to correc t t ax tre at men t s, ra tes  anddata a t  the t ime the t ra n sactio n  occurs r at herthan at the timeo fc ompliance, bri ngingco r re c t  de cis ion making  a t the start o f  t h e pro c ess itself. A s the GST r e qui res st an dar d  datato be  c r eat ed, any err or/s  in the d ata ca n  be pic k ed up f asterbec aus e te s ts  c anoc c ur–  f ore xam ple – if  a  t ransa ctio n i s  int ras tate  then  IGST shouldnot  bea ppl ied.


Ta x Ga ps :

Th e coun ter-p ar ty validation h as n ot been r oll ed  ou tso wi d ely in  an y o ther co untry.I t c an c l os e the tax gap or t he d if ferencebetwee n  t he amount c ol lec teda n d the  amo u nt  which c ould b e  c ol lected.  I t canoc cur  be cause of e xempti ons or s pecia l  treatments bu t  in many coun t ri e s  t h e ta x g aps emergebeca u se o f no n -c omp l iance  andta x  l e akage/s. This can b ehelpfu l incountries whe re tax rat e s are more  tha n  1 5 % like Europeand A frica.


T he world  will  be watc hing Indi a for less ons  on  ho w i t ca n use technol o g y to  c reate a  se lf-enfo rci ngtax  sy st em. If acomplian ce  r eg im e l ike I n dia work s,  it  c anhelpm any co untri es i nc re a setax rev e nu e numb er swith out  h aving  toi ncr ease ra tes or br oad e n th ei rtax bas e.

Disclaime r:  The views  e xpr essedi n  the art icle above are those of the aut hor s' an d do  not nece ssa rily r epr e sent o r refl ect t he  vi e w s oft h is  pu bl ishing hou s e . U nless  o ther wise no ted, the author is wri ting in his/h erpers o n al  ca p ac i ty.  T h eya r e not intendedand should  n o tbe thought tore present  offici al id e as, att itudes, o r policie sof a n y  ag ency or in stitutio n. AboutK ao

J a pa nesecos metics  g ian t Kao  was e s tab lishe d in 1 88 7 by T omiro  N agase as  a maker of quality fac ial so aps.Ori ginally k now n  as  Nihon Yu ki C ompany, th e b ran d cha nge d  itsname to  Ka o  Soap  Com p any in 19 4 0and e ve ntually toK a o  Co rpora tio n  in 19 85 a fter major busine s s expansions a nd a c q uis iti o ns.Ka o means “face”  in  J a p anese, a ll uding to th e compan y’ s  root s as a  facia l soapm a nu f acture r. T heJapanesekan ji charact er sf or Kao  (花王 )mean t he “ki n g of f lowers,” and its  logo i s a n e w m oon s ym bolizin g  goo d luck.

T hroughout t he yea rs,Kao h as grow nto bec ome  a  global co r poration,  offe ring ave rsat ile  range  ofb e auty,  hyg ie neand house h o ld pr od u cts  via  over  5 0 br ands. Som e  of themos t  popula rbra n d s from th e group incl ude  Bior e and Curel
 to_be tax_compliant. Both need to_ensure that_the_invoice is_correct_to claim the_input tax credit_and this should occur_before the supplier_files_his sales details returns (GSTR-1).



This is an impetus to correct tax treatments, rates and_data_at the_time_the_transaction occurs rather than at_the time of compliance, bringing_correct decision_making at the start of the process itself._As_the GST requires_standard data to be created, any error/s in the_data can be picked up faster_because tests can_occur_–_for example – if_a transaction is intrastate then IGST_should not be applied.



Tax Gaps:

The counter-party_validation has not been rolled out so_widely in any other country. It_can close the tax gap_or the_difference between the amount collected_and the amount_which could_be collected. It_can occur because of exemptions or_special treatments but_in many countries the tax gaps_emerge_because of non-compliance_and_tax_leakage/s. This_can be helpful_in_countries where_tax_rates are more than 15% like_Europe_and Africa.



The world will be watching India_for lessons on how_it_can use technology to_create a self-enforcing tax system._If a compliance regime like India_works, it_can help_many countries increase tax revenue numbers without having to increase rates_or broaden their tax base.

Disclaimer: The_views expressed in the_article above_are_those of the_authors'_and do_not necessarily represent or reflect the views_of this_publishing house. Unless otherwise noted, the_author is writing in_his/her_personal capacity. They are not intended_and should not be thought to_represent official ideas, attitudes, or_policies_of_any agency or institution. About_Kao

Japanese cosmetics giant Kao was established_in 1887 by_Tomiro Nagase as a maker of quality_facial_soaps. Originally known as Nihon Yuki_Company,_the brand changed its name to_Kao_Soap_Company in 1940 and eventually_to Kao Corporation in 1985 after_major business expansions and acquisitions. Kao means “face” in_Japanese, alluding to_the company’s roots as a_facial_soap_manufacturer. The Japanese kanji characters for Kao (花王) mean the_“king of_flowers,” and its_logo is a new moon symbolizing good luck.

Throughout the years,_Kao has grown to become a global_corporation, offering a versatile range of beauty, hygiene and household products_via over 50 brands. Some of the most_popular brands from the group include Biore_and Curel