Update Your Bank Details Under GST Rule 10A – A Must-Do Compliance for All Taxpayers!


GST compliance has always been a crucial part of running a business smoothly in India. Over the years, the GST Department has introduced several rules and enhancements to improve transparency, reduce fraud, and strengthen the tax system. One such important provision is GST Rule 10A, which mandates taxpayers to update their bank account details on the GST portal within a specified time. Failure to comply with this rule can lead to serious consequences, including suspension of GST registration.

In recent months, the GST authorities have observed that many taxpayers have still not updated their bank account details, even after repeated reminders. With new changes expected to roll out soon on the GST portal, it is more important than ever to ensure compliance with Rule 10A. Let’s take a closer look at what Rule 10A is, why it matters, and how you can comply on time.

🔍 What Is GST Rule 10A?

Rule 10A of the CGST Rules mandates that every registered taxpayer (except a few exempted categories) must furnish their bank account details on the GST portal within 30 days of receiving GST registration OR before filing their first GSTR-1/ IFF, whichever is earlier.

This rule ensures that every GST-registered taxpayer maintains a verified and traceable bank account linked to their business. It helps the government monitor transactions, prevent fraudulent claims, and ensure proper tracking of input tax credit (ITC) and tax payments.

📌 Who Needs to Update Bank Account Details?

All registered taxpayers under GST must furnish their bank details unless they fall under categories exempted by official notification. This includes:

  • Proprietorship businesses

  • Partnerships & LLPs

  • Private limited and public limited companies

  • Trusts, societies, and other registered entities

  • E-commerce sellers

  • Service providers and traders

If you have recently registered under GST or made changes to your business bank account, updating it on the GST portal is mandatory.

📉 What Happens If You Don’t Update Bank Details Under Rule 10A?

Not furnishing bank details is considered non-compliance, and the consequences can be serious:

⚠️ 1. Suspension of GST Registration

The GST department is empowered to suspend your GSTIN if you fail to update your bank account details within the required time frame. Once suspended:

  • You cannot issue invoices

  • You cannot file GST returns

  • You cannot claim ITC

Your business operations may come to a halt until compliance is restored.

⚠️ 2. Blocking of Refunds & Credits

If your bank account is not updated, any GST refunds will remain on hold. This is especially crucial for exporters, manufacturers, and e-commerce sellers.

⚠️ 3. Notices & Penalty Proceedings

Non-compliant taxpayers may receive GST notices requiring immediate action. Continuous violation can even lead to cancellation proceedings under GST law.

🛠 How to Update Bank Account Details Under GST Rule 10A?

You can update bank account details by filing a Non-Core Amendment on the GST portal. Follow the steps below:

  1. Log in to the GST portal at www.gst.gov.in

  2. Go to:
    Services → Registration → Amendment of Registration (Non-Core Fields)

  3. Under the Bank Accounts section, add your updated bank details

  4. Upload required documents:

    • Cancelled cheque

    • Bank passbook copy

    • Bank statement

  5. Submit the application with DSC or EVC

  6. Wait for approval from the GST officer

Updating bank details is simple, quick, and requires minimal documentation.

⏳ Don’t Wait Until the Last Minute!

Taxpayers must update their bank details within 30 days of registration, or before filing GSTR-1/ IFF, whichever happens first. Many taxpayers tend to delay this step assuming it is optional—but it is compulsory. Verifying bank details early ensures smooth GST return filing and avoids unnecessary compliances.

With upcoming changes on the GST portal regarding enforcement of Rule 10A, now is the best time to verify and update your business bank account details.

💡 Why Is This Update Important for Businesses?

  • Prevents registration suspension

  • Ensures smooth ITC flow

  • Protects your GST compliance rating

  • Enables faster refund processing

  • Avoids future penalties or notices

  • Builds trust with suppliers and customers

Staying compliant under GST not only keeps your business legally secure but also enhances reliability in today’s competitive marketplace.

🤝 Need Help Updating Your GST Bank Details?

GST rules can sometimes seem complicated, especially with frequent changes and updates. At Taxla Services, we help businesses stay fully compliant by managing GST filings, amendments, registration updates, and complete GST advisory.

Whether you are facing portal errors, document issues, or suspension notices, our expert team is here to guide you.

📞 Contact us today: +91 7305701454
📧 Email: auditsiva2@gmail.com
🌐 Website: www.taxlaservices.com

Stay compliant. Stay secure. Keep your GST registration active with timely updates under Rule 10A!

#TaxlaServices #GSTR10A #GSTCompliance #GSTUpdate #BusinessCompliance #RegistrationAmendment #ROCCompliance #CorporateSupport #GSTFilinginChennai #BestAuditorInTamilnadu



Comments

Post a Comment

Popular posts from this blog

🧾 TDS Payment (AO Permitted) – Due Date Alert!

Image
Deadline: 7th July 2025 | Period: April–June 2025 Tax deductors and businesses—this is a timely reminder! If you're permitted to deposit TDS quarterly by your Assessing Officer (AO) under certain provisions of the Income Tax Act, the due date for the April–June 2025 quarter is fast approaching. 🔍 What is AO-Permitted Quarterly TDS Payment? Under normal circumstances, TDS must be deposited monthly. However, specific deductors can obtain permission from the Assessing Officer (AO) to deposit TDS on a quarterly basis —typically to reduce compliance burden for eligible deductors. Quarterly TDS deposit is permitted under the following sections : Section 192 – Salary payments Section 194A – Interest (other than securities) Section 194D – Insurance commission Section 194H – Commission or brokerage If you have this quarterly permission , the due date for April to June 2025 TDS payment is: 🗓 7th July 2025 🚨 What Happens If You Miss the Deadline? Failure to...
Read more

New Tax Rule Alert! – Tax Officials Can Access WhatsApp & Email During Searches

Image
The Government of India has introduced a significant provision under the New Income Tax Bill 2025 , granting tax officials the authority to access digital communication platforms like WhatsApp, email, and cloud storage apps during search and seizure operations . 📜 Key Provisions of the Rule: Expanded Access Rights Tax officials can now inspect your WhatsApp chats, email inbox, cloud storage files, and installed applications on your devices during income tax searches. This move aims to enhance investigation efficiency and curb tax evasion through digital means. Parliamentary Panel Approval A Parliamentary Standing Committee reviewed the clause and raised no objections in its official report dated 21 July 2025 . The inclusion of this clause highlights the government’s focus on modernizing enforcement by including digital evidence in tax cases. Applicable During Official IT Raids Access is permitted only during authorized searches under Section 132 of the...
Read more

ITC Blocked in Many Cases – Know When You Can’t Claim It

Image
  The Goods and Services Tax (GST) regime allows businesses to claim Input Tax Credit (ITC) on the tax paid for goods and services used in the course of business. This mechanism helps avoid double taxation and ensures a seamless flow of credit through the value chain. However, the GST law also prescribes certain situations where ITC cannot be claimed . These restrictions are outlined in Section 17(5) of the Central Goods and Services Tax (CGST) Act, 2017 . Understanding these rules is crucial for businesses to remain compliant and avoid penalties or unnecessary tax demands. What is Input Tax Credit (ITC)? ITC allows a registered taxpayer to reduce the GST they have paid on purchases from the GST they owe on sales. For example, if a business pays GST on raw materials, they can claim it back while paying GST on the final product, thereby reducing the overall tax burden. But remember — ITC is not an unconditional benefit . If the goods or services are not used for business purp...
Read more