This article deals with ‘Know All Changes In GST W.E.F 1 January 2025’.
Table of Contents
Updated Versions Of E-Way Bill and E-Invoice Systems
The National Informatics Centre (NIC) will be rolling out updated versions of the E-Way Bill and E-Invoice Systems effective from 1st January 2025. The updates are aimed at enhancing the security of the portals, in line with best practices and government guidelines.
Multi-Factor Authentication (MFA)
One of the key changes involves the implementation of Multi-Factor Authentication (MFA). Currently, MFA, which requires login using a username, password, and OTP (sent to the registered mobile number, Sandes app, or similar platforms), is mandatory for taxpayers with an Annual Aggregate Turnover (AATO) exceeding ₹100 Crores since 20th August 2023 and optional for those with AATO exceeding ₹20 Crores since 11th September 2023.
Starting 1st January 2025, MFA will become mandatory for taxpayers with AATO exceeding ₹20 Crores, from 1st February 2025 for those with AATO exceeding ₹5 Crores, and from 1st April 2025 for all other taxpayers and users.
Taxpayers are encouraged to activate and start using MFA immediately, and detailed instructions are available on the E-Invoice and E-Way Bill portals. It is advised to ensure that the registered mobile number is updated with your GSTIN.
Restricting extension of EWB for specific time/period from EWB generation date
The extension of E-Way Bills will be limited to 360 days from their original date of generation. For example, an E-Way Bill generated on 1st January 2025 can only be extended up to 25th December 2025.
Restricting period of EWB generation from date of base document
The generation of E-Way Bills will be restricted to documents dated within 180 days from the date of generation. For instance, documents dated earlier than 5th July 2024 will not be eligible for E-Way Bill generation starting 1st January 2025.
Locking of auto-populated liability in GSTR-3B
Tentatively, from January 2025 tax period, the GST Portal is going to restrict making changes in auto-populated liability in pre-filled GSTR-3B from GSTR-1/1A/IFF to further enhance accuracy in return filing. It is once again suggested hereby that in case any change is required in auto-populated liability, the same may please be handled through GSTR-1A.
However, locking of auto-populated ITC in GSTR-3B, after the roll out of IMS, will be implemented from a later date. For the same a separate advisory would be issued after addressing all the issues related to IMS, raised by the trade.
