The Goods and Service Tax Network (GSTN) has made it mandatory for New GST Registrants to furnish bank account details within a specified time limit.
As per Rule 10A, it is mandatory to furnish the bank account details within 45 days from the date of grant of registration or the date on which the return is required under section 39 is due to be furnished, whichever is earlier.
“Kindly update your Bank Account details within 45 days. GSTIN Registration may be canceled if such details are not updated within the timeline,” the GSTN said.
Rule 10A of CGST Act relates to the furnishing of Bank Account Details (Chapter-III: Registration Rules), after a certificate of registration in FORM GST REG 06 has been made available on the common portal and a Goods and Services Tax Identification Number has been assigned, the registered person, except those who have been granted registration under rule 12 or, as the case may be rule 16, shall as soon as may be, but not later than forty-five days from the date of grant of registration or the date on which the return required under section 39 is due to be furnished, whichever is earlier, furnish information with respect to details of bank account, or any other information, as may be required on the common portal in order to comply with any other provision.
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