Important Update Regarding Bank Account Details and GST Registration Suspension (Rule 10A)Dear Taxpayers,The GST Portal has implemented significant updates concerning Rule 10A, which mandates the furnishing of bank account details for most registered taxpayers. These changes aim to ensure timely compliance and streamline the registration process.## Key Requirements under Rule 10AAs per Rule 10A, all taxpayers, with the exception of those registered under TCS, TDS, or through Suo-moto registrations, are required to submit their bank account details within 30 days from the date their registration is granted. Alternatively, these details must be provided before filing the statement of outward supplies in GSTR-1 or using the Invoice Furnishing Facility (IFF), whichever event occurs earlier.## New Updates on the GST PortalSeveral enhancements have been rolled out on the GST Portal to enforce Rule 10A:* Automatic Suspension of Registration: If a taxpayer fails to provide their bank account details within the stipulated 30-day period following registration, the system will automatically suspend their GST registration. The order for this suspension can be viewed by navigating to Services > User Services > View Notices and Orders.* Procedure for Adding Bank Account Details: Taxpayers can easily add their bank account information through a non-core amendment. This can be done by visiting Services > Registration > Amendment of Registration (Non-Core Fields).* Automatic Dropping of Cancellation Proceedings: Once the required bank account details have been successfully furnished, any initiated cancellation proceedings against the registration will be automatically dropped by the system.* Manual Initiation for Dropping Proceedings: In situations where the cancellation proceedings are not automatically dropped on the same day after bank details are added, taxpayers have the option to manually initiate this process. A "Initiate Drop Proceedings" button is available under Services > User Services > View Notices and Orders.* Exemptions: Certain taxpayer categories are exempt from this requirement. Furnishing bank account details is not mandatory for Online Information and Database Access or Retrieval (OIDAR) service providers and Non-Resident Taxable Persons (NRTP). However, if an OIDAR taxpayer chooses to have a "Representative Appointed in India," then providing bank account details becomes mandatory for them.Thank You,Team GSTNOriginal Link: https://services.gst.gov.in/services/advisoryandreleases/read/641