The Goods and Services Tax Network, (GSTN) on December 18, 2024, issued a notification regarding the Updates to E-Way Bill and E-Invoice Systems.
From January 1, 2025, NIC will roll out updates to the E-Way Bill and E-Invoice systems, enhancing security and compliance. Multi-factor authentication (MFA) will become mandatory, starting with taxpayers having an Annual Aggregate Turnover (AATO) exceeding ₹20 Crores, effective January 1, 2025, extending to those exceeding ₹5 Crores from February 1, 2025, and all taxpayers from April 1, 2025. E-Way Bill generation will be restricted to documents dated within 180 days, and extensions will be limited to 360 days from the original generation date. Taxpayers are encouraged to update their compliance processes and refer to the respective portals for detailed instructions.
