Advisory for Furnishing Bank Account Details Before Filing GSTR-1/IFF – 23rd August 2024

Notification No. 38/2023 – Central Tax

Date: August 4, 2023

Key Points:

  1. Requirement Under Rule 10A:
    • Taxpayers must provide valid bank account details within 30 days of registration or before filing GSTR-1/IFF, whichever is earlier.
    • This requirement was initially notified via Notification No. 31/2019 dated June 28, 2019.
  2. Enforcement Date:
    • Starting from September 1, 2024, taxpayers will be unable to file GSTR-1/IFF for the tax period of August 2024 onwards without furnishing valid bank account details.
  3. Action Required:
    • Taxpayers who have not yet provided their bank account details must update their registration details on the GST Portal.
    • This can be done by navigating to Services > Registration > Amendment of Registration Non-Core Fields.
  4. Consequences of Non-Compliance:
    • Failure to provide valid bank account details will result in the inability to file GSTR-1 or IFF from the August 2024 return period onwards.

Note: Taxpayers are urged to update their bank account information promptly to avoid any disruptions in their filing process.

Issued by: Team GSTN