GSTN introduces Rule 10A, requiring taxpayers to provide valid bank account details by Sep 1 to prevent fraudulent registrations.

GSTN has introduced new rule, GST Rule 10A, mandating taxpayers to provide valid bank account details by September 1. This move aims to prevent fake and fraudulent registrations in the GST system, and taxpayers without valid bank account details will be barred from filing outward supply return GSTR-1 from that date. The deadline to provide bank account information has been extended to August 2024 for existing taxpayers, and failure to do so may result in being unable to file GSTR-1 or IFF.

August 26, 2024
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