The Goods and Services Tax Network (GSTN) has announced significant updates to the E-Way Bill Multi-Factor Authentication, set to take effect from January 1, 2025. These updates aim to enhance the security and efficiency of the portals, aligning with best practices and government guidelines.
Key Changes:
- Multi-Factor Authentication (MFA):
- Current Status: MFA is mandatory for taxpayers with an Annual Aggregate Turnover (AATO) exceeding Rs 100 Crores since August 20, 2023, and optional for those with AATO exceeding Rs 20 Crores since September 11, 2023.
- Upcoming Changes:
- From January 1, 2025, MFA will be mandatory for taxpayers with AATO exceeding Rs 20 Crores.
- From February 1, 2025, it will be mandatory for those with AATO exceeding Rs 5 Crores.
- From April 1, 2025, MFA will be mandatory for all other taxpayers and users.
- Action Required: Taxpayers are encouraged to activate MFA immediately and ensure their registered mobile number is updated with their GSTIN.
- Restriction on E-Way Bill Generation:
- E-Way Bills can only be generated for documents dated within 180 days from the date of generation. For example, documents dated earlier than July 5, 2024, will not be eligible for E-Way Bill generation starting January 1, 2025.
- Limitation on E-Way Bill Extension:
- The extension of E-Way Bills will be limited to 360 days from their original date of generation. For instance, an E-Way Bill generated on January 1, 2025, can only be extended up to December 25, 2025.
Taxpayers are advised to familiarize themselves with these updates and incorporate the necessary adjustments into their compliance processes. Detailed instructions are available on the E-Invoice and E-Way Bill portals.
FAQ Section
MFA is a security process that requires users to provide multiple forms of identification before accessing an account. This typically includes a password and a one-time password (OTP) sent to a registered mobile number.
MFA will become mandatory for all taxpayers from April 1, 2025.
Starting January 1, 2025, E-Way Bills can only be generated for documents dated within 180 days from the date of generation.
An E-Way Bill can be extended up to 360 days from its original date of generation.
Read to know the instructions for Two factor authentication steps at eway bill portal.
Related Links
- E-Way Bill Login: This guide provides step-by-step instructions for accessing the e-way bill portal, emphasizing the importance of secure login procedures, which align with MFA practices.
- E-Way Bill Registration: This article outlines the registration process for the e-way bill system, highlighting the need for secure authentication methods to protect user information.
- E-Way Bill Generation: This resource explains the process of generating an e-way bill, where implementing MFA can enhance the security of transactions.
