Invalid 'depends_on' when editing an item after installing GST Compliance

The problem

After installing version-14 of GST Compliance, getting error:

Invalid 'depends_on' expression

This is causing the problem

Figured what the problem is:

DocType: Item
Field: HSN/SAC
Property Depends On: `eval:gst_settings.validate_hsn_code`

Version

Frappe Framework: v14.33.1
ERPNext: v14.22.2
India Compliance: v14.8.0 (version-14)

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