EVC Full Form in GST: Understanding Its Importance
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The EVC Full Form in GST is Electronic Verification Code. This code is generated by the Goods and Services Tax Network (GSTN) as a one-time, temporary password that enhances security for users accessing GST portal services. The EVC plays a crucial role in verifying the identity of taxpayers, ensuring that their accounts remain secure against unauthorized access.
How is EVC Created?
There are two primary methods for creating an EVC on the GST portal. The most common method involves using the registered mobile numbers (RMNs) linked to the taxpayer’s GST account. When an EVC is needed, an SMS containing a one-time password (OTP) is sent to the registered RMN, which serves as the EVC. Additionally, EVCs can be generated through email by sending a temporary password link to the taxpayer’s registered email address. Clicking this link generates a unique EVC specifically for that action. Typically, the validity of an EVC is around 15 minutes, after which a new EVC must be generated for any further transactions, thereby preventing unauthorized access.
Advantages of EVC
The implementation of EVC benefits both GST authorities and taxpayers. It significantly enhances the authentication process for GST accounts, thereby reducing the risk of fraudulent activities on the GST portal. As EVC verification requires the taxpayer’s explicit consent, it provides them with greater control over their accounts. This system makes interactions on the GST portal not only safer but also faster.
Important Points About EVC
Taxpayers can obtain their EVC by ensuring their GST RMN and email addresses are updated. It is crucial not to disclose your EVC, as this could allow others to access your GST account. Phishing attempts for EVCs should be taken seriously, and any suspicious activity on GST accounts should be reported to GSTN immediately. Overall, the Electronic Verification Code is a vital tool that protects both the GST portal and taxpayer information. By understanding the importance of EVC and adhering to best practices, taxpayers can effectively safeguard their accounts and contribute to a more secure GST environment.
The EVC Full Form in GST is Electronic Verification Code. This code is generated by the Goods and Services Tax Network (GSTN) as a one-time, temporary password that enhances security for users accessing GST portal services. The EVC plays a crucial role in verifying the identity of taxpayers, ensuring that their accounts remain secure against…