GSTN has issued an important advisory regarding auto-suspension of GST registration under Rule 10A for taxpayers who fail to furnish their bank account details within the prescribed timelines.
Key Points of the Advisory:
- Requirement under Rule 10A:
Taxpayers (except those registered under TCS, TDS, or Suo-moto registration) must furnish their bank account details within:
– 30 days from the date of registration, or
– Before filing GSTR‑1 / IFF for outward supplies, whichever is earlier.
- Automatic Suspension:
If bank account details are not furnished within the prescribed time, the GST system will automatically suspend the registration.
The suspension order can be viewed under:
Services > User Services > View Notices and Orders.
- Adding Bank Account Details:
Taxpayers may update/add bank account details using:
Services > Registration > Amendment of Registration (Non-Core Fields).
- Automatic Dropping of Cancellation Proceedings:
Once the bank details are furnished, the system will automatically drop any pending cancellation proceedings.
- Manual Option to Drop Proceedings:
If the system does not automatically drop the cancellation proceedings on the same day, taxpayers may manually trigger the action using:
Services > User Services > View Notices and Orders > Initiate Drop Proceedings.
- Exemptions:
– OIDAR and NRTP taxpayers are not required to furnish bank account details.
– However, OIDAR taxpayers selecting “Representative Appointed in India – Yes” must furnish bank account details mandatorily.