Quick Summary
Important GST Update
IFSC of below 8 banks have changed due to merger. Taxpayers may update their Bank Account details through non-core Amendments and update refund application, in case failed due to validation error sent by PFMS.
List of Merged Banks
1. Dena Bank,
2. Vijaya Bank,
3. Corporation Bank,
4. Andhra Bank,
5. Syndicate Bank,
6. Oriental Bank of Commerce,
7. United Bank of India; and
8. Allahabad Bank.
Practical Procedure
1. Existing Registration – Login to GSTN Portal and update bank details through Non-Core amendment field
2. Refund Applied – Update refund application, in case failed due to validation error sent by PFMS.
FAQ :
The IFSC codes have changed due to the merger of these banks.
The affected banks are Dena Bank, Vijaya Bank, Corporation Bank, Andhra Bank, Syndicate Bank, Oriental Bank of Commerce, United Bank of India, and Allahabad Bank.
Taxpayers with existing registrations should log in to the GSTN portal and update their bank details through the non-core amendment field.
If a refund application has failed due to a validation error sent by PFMS, taxpayers need to update their refund application.
Bank details can be updated on the GSTN portal through non-core amendments.
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