Furnishing bank account details- Rule 10A of CGST Rules 2017

Learn  that GST registered taxpayers must provide bank details within 45 days under Rule 10A of CGST Rules 2017.

All the registered tax payers are required to provide bank details within 45 days of the grant of registration or before the date of filing of GSTR-1/IFF, whichever is earlier,   under the provision of Central Goods and Service Tax Rules, 2017

CGST ACT, 2017 and correspondence Rules framed thereunder.

  1. If a taxpayer fails to furnish the bank details with in the stipulated time then:-
  2. After a period of 45 days, Tax payer’s registration will be suspended and intimation in Form REG-31 will be issued to the taxpayer.
  3.  Taxpayer will be debarred from filing of any further GSTR-1/IFF till the date of updation.
  4. Revocation of suspension :-

The suspension will automatically revoked, If the tax payer updates their bank account details in response to the intimation of form REG-31,

  • Cancellation of registration :-

If the taxpayer does not updates the bank account details in a stipulated period, then the tax payers  registration may be  taken up for cancellation of registration by the designated officer.  

Hence, registered taxpayers must furnish bank account details under GST Rule 10A within 45 days. Connect with reputed GST consultants in Udaipur or best CA firm in Udaipur for further details. 

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