GSTN Issues Advisory on Mandatory Furnishing of Bank Account Details Under Rule 10A



Quick Summary
The Goods and Services Tax Network (GSTN) has issued an advisory reminding taxpayers to provide their bank account details as per Rule 10A of the CGST Rules. This applies to most registered taxpayers, excluding those under TCS, TDS, or suo-moto registrations. Failure to submit these details within 30 days of registration or before filing outward supplies could lead to GST registration suspension.

The Goods and Services Tax Network (GSTN) has issued an important advisory reminding taxpayers to furnish their bank account details in accordance with Rule 10A of the CGST Rules. The requirement applies to all taxpayers except those registered under TCS, TDS, or those with suo-moto registrations.

GST Bank Account Details: Rule 10A Advisory Issued

Official copy of the Advisory is as follows

As per Rule 10A, taxpayers (except those registered under TCS, TDS, or suo-moto registrations) must furnish their bank account details within 30 days of the grant of registration or before filing details of outward supplies in GSTR-1 or IFF, whichever is earlier.

The changes with respect to Rule 10A will be implemented on the GST Portal soon. Therefore, the taxpayers who have not yet furnished the bank account details till date are advised to update the same at the earliest to avoid suspension of their GST Registration and disruption of business activities.

Bank account details can be added through a non-core amendment by navigating to:
Services > Registration > Amendment of Registration Non-Core Fields.

FAQ :

The advisory reminds taxpayers to furnish their bank account details in accordance with Rule 10A of the CGST Rules.

All taxpayers are required to furnish their bank account details, except for those registered under TCS, TDS, or with suo-moto registrations.

Taxpayers must furnish their bank account details within 30 days of receiving their registration or before filing their outward supplies in GSTR-1 or IFF, whichever comes first.

Failure to furnish bank account details may lead to the suspension of GST registration and disruption of business activities.

Bank account details can be added as a non-core amendment by navigating to Services > Registration > Amendment of Registration Non-Core Fields on the GST Portal.




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