EVC stands for Electronic Verification Code. It is a 10-digit alphanumeric code used in India to electronically verify the identity of a person or business entity while filing returns or forms on government portals such as the Income Tax Department, GSTN (Goods and Services Tax Network), and MCA (Ministry of Corporate Affairs).
This code acts like a digital signature for individuals and businesses that may not have a Digital Signature Certificate (DSC). It's a secure and convenient way to authenticate filings without the need for physical documents. The EVC can be generated through various methods—like Aadhaar OTP, net banking, bank account validation, or demat account verification—depending on the portal and the type of taxpayer.
For small business owners and new entrepreneurs, using EVC is a hassle-free way to stay compliant without needing advanced digital infrastructure. For instance, when filing GST returns, the EVC option allows proprietors and partnership firms to complete the process quickly, especially when DSC is not mandatory.
EVC plays a vital role in regular compliance tasks such as:
- Filing Income Tax Returns (ITR)
- Verifying GST returns
- Submitting MCA forms for business registration or updates
It ensures authenticity, reduces paperwork, and speeds up the overall filing process.
To learn more about GST compliance and digital solutions that make your business filing easier, visit FinTax24’s GST solutions.