EVC stands for Electronic Verification Code. It is a one-time password (OTP) used for the GST system to verify the identity of a taxpayer. This helps ensure that the person filing returns or making payments is the authorized individual.
EVC Definition
The Electronic Verification Code (EVC) is used for secure and quick verification of taxpayers under the GST system. When businesses or taxpayers file GST returns or make payments online, they need to authenticate their identity to ensure everything is legitimate. The EVC serves as an alternative to the traditional Digital Signature Certificate (DSC).
Why EVC is Important in GST
EVC plays a crucial role in the GST system by ensuring security and preventing fraud. It helps in verifying the taxpayer’s identity without needing a physical signature. Since it can be done online, it also makes the filing and payment process more efficient, saving time and reducing paperwork. By using EVC, businesses can smoothly complete their GST tasks while staying compliant with the law.
