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.
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.
CAclubindia
