Notification No. 38/2023 – Central Tax
Date: August 4, 2023
Key Points:
- 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.
- 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.
- 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.
- 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