GST New Rules: GST rules will change from April 1, know how much it will affect your pocket..

It will not be easy to steal GST data and commit fraud in GST now. From April 1, the Multi-Factor Authentication (MFA) rule is going to be implemented for all users registered in GST.

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 OTP.

Mandatory for all users from April 1

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

New update for businessmen
The rules of the 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 those with a turnover of 100 crores and above.

Eating in hotel restaurants may become expensive.

Eating in hotel restaurants may become a little expensive from April 1. From April 1, the facility of taking input tax credit (ITC) with 18 percent GST will be available for hotels with room rent less than Rs 7500.

At present, 5 percent GST is levied on eating in the restaurants of hotels where the room rent is less than Rs 7500. If these hoteliers adopt the facility of ITC with 18 percent GST, then eating in the restaurants here will become expensive.

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

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