The Government of India has introduced significant GST updates effective April 1, 2025, aimed at simplifying compliance, enhancing security, and improving accuracy in tax reporting. Here's a quick rundown of the major changes:
🔐 Mandatory Multi-Factor
Authentication (MFA)
To secure access to the e-Way Bill
and e-Invoice portals, MFA is now compulsory for all taxpayers:
- Rollout
Timeline:
- Jan 1, 2025: For businesses with AATO > ₹20 Cr
- Feb 1, 2025: For AATO > ₹5 Cr
- April 1, 2025: Applicable to all taxpayers
- Impact: Strengthens login security and
reduces unauthorized access.
📜 Compulsory ISD Registration
Entities with multiple GSTINs under a
single PAN must register as Input Service Distributors (ISD):
- Effective
Date: April 1,
2025
- Requirements:
- Issue ISD invoices
- File GSTR-6 for credit distribution
- Benefit: Ensures proper credit flow and
standardized input tax credit (ITC) reporting.
🧾 GSTR-7 & GSTR-8 Return Format
Revisions
- GSTR-7
(TDS):
- Mandatory invoice-wise tax deduction reporting
- Must include GSTIN, invoice details, payment, and TDS
- GSTR-8
(TCS):
- Enhanced disclosures for e-commerce transactions
- Supports better reconciliation and compliance
🚛 New e-Way Bill Rules
- Document
Validity:
- Only documents ≤180 days old can be used for
e-Way Bill generation
- Extension
Cap:
- Maximum validity extension limited to 360 days
- E.g., a bill generated on April 1, 2025, can be
extended only till March 27, 2026
📅 30-Day Limit for E-Invoice Reporting
- Applicability: Taxpayers with AATO > ₹10
Cr (earlier ₹100 Cr+)
- Mandate: All B2B invoices must be
reported to the Invoice Registration Portal (IRP) within 30 days
of issuance
- Consequence
of Delay: IRN
generation failure, delayed ITC, and compliance risks
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