The GST Network (GSTN) is set to roll out significant updates to the E-Way Bill and E-Invoice Systems, effective from 1st January 2025. These updates, implemented by the National Informatics Centre (NIC), aim to bolster system security and streamline compliance procedures in alignment with government guidelines.
Key Updates in the E-Way Bill and E-Invoice Systems
1. Multi-Factor Authentication (MFA) Implementation
To enhance portal security, Multi-Factor Authentication (MFA) will be expanded in phases:
- Current Status:
- Mandatory: For taxpayers with an Annual Aggregate Turnover (AATO) exceeding Rs 100 Crores since 20th August 2023.
- Optional: For taxpayers with an AATO exceeding Rs 20 Crores since 11th September 2023.
- Upcoming Changes:
- From 1st January 2025: MFA mandatory for taxpayers with AATO exceeding Rs 20 Crores.
- From 1st February 2025: MFA mandatory for taxpayers with AATO exceeding Rs 5 Crores.
- From 1st April 2025: MFA mandatory for all taxpayers and users.
Steps for MFA Activation:
- Log in using your username and password.
- Enter the OTP sent to your registered mobile number, Sandes app, or similar platforms.
- Update your registered mobile number with your GSTIN, if not already done.
- Follow detailed activation instructions available on the E-Way Bill and E-Invoice portals.
2. Restriction on E-Way Bill (EWB) Generation Based on Document Date
Effective 1st January 2025, taxpayers will no longer be able to generate E-Way Bills for documents dated beyond 180 days from the EWB generation date.
Example:
- For an E-Way Bill generated on 1st January 2025, only documents dated on or after 5th July 2024 will be eligible.
3. Restriction on E-Way Bill Extensions
The extension of an E-Way Bill will now be restricted to a maximum period of 360 days from its original generation date.
Example:
- An E-Way Bill generated on 1st January 2025 can only be extended up to 25th December 2025.
What Taxpayers Need to Do
- Activate MFA:
- Ensure you are MFA-ready before the mandatory implementation dates.
- Keep your registered mobile number updated to receive OTPs.
- Document Review:
- Confirm the validity of document dates for E-Way Bill generation to avoid rejections post-implementation.
- Extension Compliance:
- Plan extensions for E-Way Bills within the stipulated 360-day period.
These updates to the E-Way Bill and E-Invoice Systems reflect the GSTN’s commitment to ensuring robust security and operational efficiency. Taxpayers are encouraged to align their compliance processes with these changes to avoid disruptions. For further details, visit the official E-Way Bill and E-Invoice portals.
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