Quick Summary
A critical update has been implemented on the GST Portal regarding Rule 10A of the Central Goods and Services Tax (CGST) Rules. Failure to comply with this rule will now result in the automatic suspension of your GST registration.
This is a crucial change designed to ensure compliance and prevent misuse of GST registrations. Please review the details below immediately to safeguard your status.
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 following updates have been implemented on the GST Portal with respect to Rule 10A:
- Automatic Suspension: If a taxpayer fails to furnish bank account details within 30 days of registration, the system will automatically suspend the registration. The suspension order can be viewed at: Services > User Services > View Notices and Orders.
- Adding Bank Account Details: Taxpayers can add bank account details through a non-core amendment by navigating to: Services > Registration > Amendment of Registration (Non-Core Fields).
- Automatic Dropping of Cancellation Proceedings: Once bank account details are furnished, cancellation proceedings will be automatically dropped by the system.
- Manual Option to Drop Proceedings: If the cancellation proceedings are not dropped automatically on the same day after adding bank details, the taxpayer can manually initiate the process using the "Initiate Drop Proceedings" button available at: Services > User Services > View Notices and Orders > Initiate Drop Proceedings.
- Exemptions: Furnishing bank account details is not mandatory for OIDAR and NRTP taxpayers. However, for OIDAR taxpayers who select “Representative Appointed in India” as ‘Yes’, furnishing bank account details is mandatory.
FAQ :
The main change is that GST registration will be automatically suspended if taxpayers do not furnish their bank account details within 30 days of registration.
Most taxpayers need to furnish bank account details within 30 days of registration, except for those registered under TCS, TDS, or Suo-moto registrations, and OIDAR and NRTP taxpayers.
Your GST registration will be automatically suspended by the system.
You can add bank account details through a non-core amendment by navigating to Services > Registration > Amendment of Registration (Non-Core Fields) on the GST Portal.
No, if you furnish your bank account details, the cancellation proceedings will be automatically dropped by the system.
Yes, OIDAR and NRTP taxpayers are exempt, unless an OIDAR taxpayer selects 'Representative Appointed in India' as 'Yes', in which case it is mandatory.
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