Starting 5th December 2025, businesses registered under GST must update their bank account details within 30 days of registration or before filing GSTR-1/IFF, whichever is earlier. As per Rule 10A, failure to comply will result in automatic suspension of GST registration. The update process requires furnishing bank account number, IFSC code, and a cancelled cheque or bank statement via the GST portal. While OIDAR and NRTP taxpayers are exempt, OIDAR taxpayers with a representative in India must provide bank details. Timely compliance ensures uninterrupted GST registration and avoids cancellation proceedings.

Rule 10A of the CGST Rules requires every new GST registrant to verify their bank account and upload the details on the GST portal within the prescribed timeline. This ensures that GST registration remains active, refunds are processed smoothly, and risks of suspension or cancellation are avoided. Non-compliance can lead to withheld refunds or suspended GSTIN. Uploading a cancelled cheque or bank statement immediately after GST approval is the simplest way to stay compliant.

This blog provides a comprehensive guide to furnishing bank account details for GSTR-1/IFF as per Rule 10A of the CGST Rules, 2017. It covers the importance of furnishing bank account details, the step-by-step process to comply with this requirement, and the consequences of non-compliance.