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 un
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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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