🚨 Important GST Update: Auto-Suspension for Not Updating Bank Account Details (Rule 10A)

GSTN has introduced a new system-based mechanism under Rule 10A for taxpayers who fail to furnish their bank account details within 30 days of GST registration or before filing GSTR-1/IFF — whichever is earlier.

Here’s what you must know:

🔸 Automatic Suspension of GST Registration If bank account details are not updated within the prescribed time, the portal will automatically suspend the GST registration. Suspension orders can be viewed under: Services → User Services → View Notices and Orders

🔸 Easy Update of Bank Details Taxpayers can add bank account details through a Non-Core Amendment: Services → Registration → Amendment of Registration

🔸 Automatic Dropping of Cancellation Proceedings Once bank details are furnished, the system will automatically drop any cancellation proceedings.

🔸 Manual Option Also Available If proceedings are not dropped automatically, taxpayers can manually initiate the process through: Services → User Services → View Notices and Orders → Initiate Drop Proceedings

🔸 Exemptions Bank account details not required for OIDAR & NRTP taxpayers. However, OIDAR taxpayers selecting “Representative Appointed in India: Yes” must furnish bank account details.

📌 Action Required: If newly registered, ensure that your bank account details are updated on time to avoid system-based suspension.

For GST updates, compliance support & expert guidance, connect with us