The Goods and Services Tax Network (GSTN) has issued a new update effective 5th December 2025, stating that if a newly GST-registered taxpayer fails to provide bank account details within 30 days of registration, their GST registration will be automatically suspended.
🔹 What the New Rule Says (Rule 10A)
Newly registered taxpayers (individuals, firms, and companies) must submit their bank account information — such as account number, IFSC, and other relevant details — within 30 days of registration.
This applies even if they are filing their first GSTR-1 or using the Invoice Furnishing Facility (IFF).
Certain categories, like TDS/TCS deductors or some special “suo-moto” cases, may be exempt.
⚠️ Consequences of Not Furnishing Bank Details
Failure to submit bank account information will result in automatic suspension of GST registration.
Once suspended, taxpayers cannot generate e-invoices or e-way bills, nor can they file GSTR-1/IFF. Essentially, their business operations under GST will be affected.
If bank details are submitted after suspension, the GST system will automatically cancel the suspension. If not, taxpayers can manually request “Initiate Drop Proceedings.”
✅ Who Needs to Comply
All normal GST-registered taxpayers must comply with this rule.
Exemptions are provided to certain categories like TDS/TCS deductors, some suo-moto registrations, and special exempted categories.
Specific attention is needed for OIDAR suppliers appointing a “Representative in India” — submitting bank details is mandatory for them.
📌 Suggestions for Taxpayers
If you recently registered for GST, immediately update your bank account details on the GST portal.
Keep documents like bank statement, passbook, or a cancelled cheque ready for submission.
In case of suspension, submit bank details as soon as possible and request the system to lift the suspension.
Conclusion
The new GSTN rule under Rule 10A emphasizes the importance of timely submission of bank account details by newly registered taxpayers. Failing to comply within 30 days can lead to automatic suspension of GST registration, affecting the ability to file returns, generate e-invoices, and carry out normal business operations. To avoid disruptions, taxpayers should promptly provide their bank details and keep all relevant documents ready. This move ensures better transparency and smooth functioning of the GST system while safeguarding taxpayers from unintended penalties or operational blocks.
📞 Need Help with Your GST Refund?
🌐 Website: www.gstrefundservices.com
📧 Email: info@lalitkhurana.com
📱 Call/WhatsApp: +91-9811504102
