Sangeetha Prathap

The Goods and Services Network (GSTN) has issued an advisory reminding taxpayers of the mandatory requirement to furnish valid bank account details on the GST Portal in compliance with Rule 10A of the CGST Rules. The clarification has been released ahead of the implementation of upcoming changes on the Portal, warning that failure to update bank account information may lead to suspension of GST registration and disruption of business operations.

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GSTN noted that, under Rule 10A, every taxpayer must provide their valid bank account details within 30 days from the date of grant of GST registration or before filing details of outward supplies in Form GSTR-1 or using the Invoice Furnishing Facility (IFF), whichever occurs earlier. The advisory reiterates that this requirement was made enforceable from September 1, 2024, and will now be strictly implemented.

Referring to the effect of this enforcement, GSTN stated that beginning with the tax period of August 2024, taxpayers will not be permitted to file GSTR-1 or IFF unless their bank account details have been furnished. The advisory clarifies that this is a mandatory pre-condition: “the taxpayer will not be able to furnish GSTR-01/IFF… without furnishing the details of a valid Bank Account in their registration details on GST Portal.”

GSTN has urged all taxpayers who have not yet added their bank account details to update their information immediately. The process can be completed through a non-core amendment by navigating to Services > Registration > Amendment of Registration Non-Core Fields on the GST Portal. After the details are updated, taxpayers will be able to proceed with filing their GSTR-1 or IFF without interruption. GSTN also mentioned that the validation of bank accounts—including those already submitted but pending verification—will take place after the filing of GSTR-1 or IFF.

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In conclusion, the advisory makes it clear that furnishing valid bank account details is now a mandatory prerequisite for filing outward supply returns, and taxpayers who fail to comply may face suspension of registration. GSTN has therefore requested all taxpayers to complete the update at the earliest to ensure seamless compliance and uninterrupted business activity.