- According to Rule 10A of the Central Goods and Services Tax Rules, 2017, as notified by Notification No. 31/2019 dated June 28, 2019, taxpayers must provide details of a valid bank account within 30 days of receiving registration or before submitting details of outward supplies in FORM GSTR-1 or using the Invoice Furnishing Facility (IFF), whichever comes first.
- Various advisories and communications have been issued over time to remind taxpayers about the requirement to provide valid bank account details for GST registration.
- Starting from September 1, 2024, this rule will be strictly enforced. Consequently, for the tax period August 2024 and onwards, taxpayers will be unable to file GSTR-1 or IFF without having provided valid bank account details in their GST registration.
- Taxpayers who have not yet updated their bank account details are urged to do so by visiting the GST Portal at Services > Registration > Amendment of Registration > Non-Core Fields tabs.
- Please note that without valid bank account details in your GST registration, you will not be able to file GSTR-1 or IFF for the August 2024 return period and beyond.
