Submit your bank details within 30 days or before GSTR-1/IFF to avoid suspension.

GSTN has issued a strict alert for registered taxpayers: furnish your bank account details on the GST portal within 30 days of registration, or before filing GSTR-1/IFF, whichever is earlier. Non-compliance can lead to suspension via FORM REG-31, blocked GSTR-1 filing, e-way bill generation restrictions, and possible cancellation of registration. Log in to the GST portal, upload your bank details, and ensure verification to keep your GST number active and avoid operational disruptions.

Why has this alert been issued?

The GSTN is tightening rules to prevent fraud and misuse of the system.

• Curbing fraud: Mandatory bank details help stop fake invoices and misuse of refunds.
• Verification: Linking bank accounts ensures only genuine businesses remain in the GST system, improving transparency and trust.

What you must do: Mandatory requirement and deadline

• Requirement: Furnish bank account details within 30 days of GST registration or before filing your GSTR-1 / IFF, whichever is earlier.
• Immediate action: If you haven’t submitted bank details, log in to the GST portal today and update them to avoid suspension.

Consequences of non-compliance

• GST registration suspension: Your GSTIN will be suspended after 30 days. You will receive an intimation in FORM REG-31.
• Blocked GSTR-1 filing: You won’t be able to upload sales or outward supply details.
• E-way bill generation blocked: Movement of goods may be halted, affecting logistics and operations.
• Possible cancellation: The department may proceed to permanently cancel your GST registration.

How to revoke suspension

1. Log in: Access your account on the GST portal.
2. Update bank details: Submit the pending bank account information.
3. Verification: Once GSTN verifies your details, your suspended registration is reactivated automatically.

The bottom line

GST compliance is the backbone of your business. Ignoring this requirement can lead to financial losses, operational delays, and loss of customer trust. Update your bank details on the GST portal today and keep your GST registration safe.

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