Quick Summary
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.
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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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