On April 1, 2025, as the new financial year starts, influential amendments in the Goods and Services Tax (GST) compliance have come into force, steering in enhanced security measures via multi-factor authentication (MFA) on the GST portal. The motive of the same update is to strengthen the system against unauthorized access and fraudulent activities.
What About Multi-Factor Authentication (MFA)?
A tax expert cited that MFA needs additional verification apart from the user ID and password, like a one-time password sent to the registered mobile number. It assures that only authorized personnel can access the GST portal, improving accountability and lessening the risk of misuse.
Security Concerns
The MFA importance has been specified in mitigating risks of unauthorized access. Earlier, there were cases where one could access important information or furnish returns without clear accountability. MFA addresses such concerns by adding a layer of security.
Effect on GST E-Way Bills
An updated norm for GST E-way bills (EWB) will restrict the generation of bills to base documents within 180 days. The same measures have the motive to ease compliance and prevent the misuse of EWBs.
Enabling Financial Compliance
- Integrating MFA and updating EWB regulations becomes transparent and safe.
- To ease the procedure of compliance, such amendments are made. The GST framework
Also Read: New Financial Rules from April 1: How GST, IT and Banking Will Change
Through these updates, as of 1st April 2025, the GST structure shall attain exceptional standards of security and compliance. It is suggested that businesses and taxpayers prepare for such amendments to ensure the facilitated operations within the amended statutory framework.
