GSTN mandates taxpayers update bank account details on the portal by December 2, 2025, under Rule 10A to avoid suspension. Non-compliance halts invoicing, returns, refunds, and e-way bills—exemptions apply to TDS/TCS registrants.
Time's ticking for GST-registered businesses! The GST Network (GSTN) issued an urgent advisory: furnish accurate bank account details via non-core amendment before December 2, 2025, or face automatic suspension under Rule 10A of CGST Rules. This crackdown targets fraud prevention by linking all business accounts to GSTINs, ensuring seamless refunds, ITC claims, and transaction tracking.
Why now? New registrations must comply within 30 days or before first GSTR-1/IFF filing. Legacy taxpayers get this final window—miss it, and operations grind to a halt. Think no invoices, blocked e-way bills, stalled refunds, and supply chain chaos. Up to 10 accounts can be linked per GSTIN using a cancelled cheque or statement.
Rule 10A Essentials:
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Applies to all except TDS/TCS, OIDAR, or suo-moto registrations.
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Update via Services > Registration > Amendment of Registration Non-Core Fields.
Compliance Roadmap:
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Log in, upload proof (cancelled cheque/bank statement), track via ARN.
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Verify existing details under Registration > Bank Accounts to dodge flags.
High-Stakes Consequences:
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Immediate suspension blocks GSTR-1, e-invoicing, ITC; potential cancellation under Section 29.
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No direct fines yet, but business disruption hits cash flow hard.
Sources: Economic Times, TaxGuru, CNBC TV18, Suvit, CAClubIndia