Functionality to check and update bank account details on GST Portal



Quick Summary
New GST regulations require recently registered taxpayers to update their bank account details on the GST portal within 45 days of their initial login. A new functionality allows taxpayers to check the status of their bank details and add them if they haven't already. The process involves logging into the taxpayer portal, navigating to 'Services' > 'Registration' > 'Amendment of Registration Non-Core Fields', and then selecting the 'Bank Accounts' tab to enter the necessary information.

Legal Provision

As per Rule 10A of the CGST Rules 2017, newly registered taxpayers are required to update their Bank Account Details within 45 days of the first login.

Functionality to check and add Bank Details

A functionality to check the status of bank account details update for the taxpayers who have taken new registration at GST Portal but have not yet furnished the same has been introduced.

Update GST Bank Account Details: New Rule and How-To Guide

How to Check and Add Bank Details

The taxpayers may login and update Bank Account details through Non-core amendment in the manner as specified in the below table. In case the taxpayers who had not updated bank account after registration and are also failed to update within 45 days of their first login henceforth, the system will prompt and force them to comply with the requirements

 

Procedure for adding Bank Account on Portal

Login to the taxpayer portal -------> Go to 'Services' -------> Click on 'Registration' -------> Click on the tab 'Amendment of Registration Non-Core Fields' -------> Select tab 'Bank Accounts' -------> Add details of Bank Account (Account No., IFSC, Address, Bank Account type) -------> Click on the verification tab, select authorized signatory, enter a place -------> Sign application using DSC, E-sign or EVC

Note - After completion of Bank Account update, a success message will appear on the screen, and the acknowledgment will be sent at the registered email and mobile phone.

 

FAQ :

Newly registered taxpayers must update their bank account details within 45 days of their first login to the GST portal.

You can check the status of your bank account details update by logging into the taxpayer portal and navigating to the 'Amendment of Registration Non-Core Fields' section.

If you fail to update your bank account details within 45 days of your first login, the system will prompt you and require you to comply with the rule.

You will need to provide your Bank Account Number, IFSC code, Bank Address, and the Bank Account type.

Upon successful completion of the bank account update, a success message will appear on the screen, and an acknowledgment will be sent to your registered email and mobile phone.


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About the Author

Founder - TaxMarvel Consulting Services LLP

Rohit is a CA, CS and CMA and Gold Medalist Law Graduate. He has also passed DISA (ICAI). Rohit is Founder of TaxMarvel Consulting Services LLP (a niche consulting firm engaged in providing GST Services to Corporates and SMEs) He was earlier head ofGST Business (GST Suvidha Provider) for Karvy Data Management Servic ... Read more

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