With the implementation of MFA, it will not be easy to steal the data of any other user using GST and to commit any kind of fraud in GST.

Update number on GST portal

Under MFA, users will not be able to log in without a One Time Password (OTP). Therefore, all users should update their phone numbers on the GST portal this month so that there is no problem in receiving the OTP.

Mandatory for all users from April 1

MFA was implemented on an experimental basis for those with a turnover of more than Rs 20 crore from January 1 this year. Then, it was made mandatory for those with a turnover of Rs 5 crore from February 1. Now, it is being made mandatory for all users from April 1.

New update for traders

The rules of e-way bill are also being changed from April 1. From April 1, it will be mandatory for businessmen with a turnover of more than 10 crores to provide information about their e-invoices on the Invoice Registration Portal (IRP) within 30 days. If the information is not provided within 30 days, the invoice will be rejected. Currently, this rule is applicable for businessmen with a turnover of 100 crores and above.

Eating in hotel restaurants can be expensive

Eating in hotel restaurants may get a little expensive from April 1. From April 1, hotels with room rent less than Rs 7500 will be able to avail input tax credit (ITC) along with 18% GST.
At present, food in the restaurants of hotels where the room rent is less than Rs 7500 is charged 5% GST. If these hotels adopt the facility of ITC along with 18% GST, then food in the restaurants here will become expensive.

From April 1, 18% GST will be levied on the sale of old normal and electric cars instead of 12%. This rule will be applicable for agencies selling second-hand cars.

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The post New Rules of GST: These rules of GST will change from April 1, it will have a significant impact on your pocket first appeared on Rightsofemployees.com.

Under this, those companies come which are not required to obtain GST Registration, but are required to pay tax under the GST Act provision.

Under the Goods and Services Tax (GST) rules, registration is mandatory for businesses with an annual turnover of Rs 40 lakh and Rs 20 lakh in the manufacturing and service sectors respectively. Introducing Rule 16A in the Central GST Rules, CBIC said that where a person is not liable for registration under the Act, but is required to make any payment under the provision of the Act, the proper officer may assign a temporary identification number to that person.

What will be the benefit of this?

In its meeting last month, the GST Council had decided to issue TIN to those entities which do not require GST registration. This will ensure smooth tax payment and reduce the burden of compliance on those who are not regularly involved in taxable activities.

GST Collection Data

Let us tell you here that the gross GST collection in December 2024 was Rs 1,76,857 crore, which is 7.3 percent more than last year. At the same time, just a month ago i.e. in November, GST collection increased by 8.5 percent to Rs 1.82 lakh crore. According to government data, the total gross Goods and Services Tax (GST) revenue in November increased by 8.5 percent year-on-year to more than Rs 1.82 lakh crore, whereas in the same month a year ago it was Rs 1.68 lakh crore.

CGST stood at Rs 32836 crore. SGST stood at Rs 40499 crore. IGST stood at Rs 912331 crore and CESS stood at Rs 12301 crore.

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The post GST New Rule: CBIC has notified the new rules of GST – All Need To Know first appeared on Rightsofemployees.com.