GSTN to Enforce Rule 10A Compliance; Advisory Urges Bank Detail Update

The Goods and Services Tax Network (GSTN) has announced that changes relating to Rule 10A will soon be activated on the GST portal. In an advisory dated November 20, GSTN urged taxpayers to immediately furnish their bank account details if they have not done so already. The system will enforce compliance once the changes go live, making timely updates critical for businesses.

What does Rule 10A Require?

Under Rule 10A, all taxpayers, except those registered under TCS, TDS, or those registered suo motu by tax authorities, must furnish their bank account details within 30 days of receiving GST registration or before filing outward supply details in GSTR-1 or IFF, whichever is earlier. Failure to comply may lead to suspension of GST registration, halting invoicing and tax filings.

Consequences of Non-Compliance

Taxpayers who do not update their bank details risk operational disruptions, including suspension of GST registration. This can impact business continuity, prevent issuance of invoices and block return filings. GSTN has advised completing the update in advance to avoid any compliance-related hurdles once the rule-based checks are implemented.

How to Update Bank Account Details?

Taxpayers can add or update their bank account details by filing a non-core amendment on the GST portal. The advisory specifies the path:

Services → Registration → Amendment of Registration Non-Core Fields

This process ensures that bank details are correctly linked to GST registration, enabling smooth compliance with Rule 10A.

Advisory Highlights and Next Steps

GSTN’s advisory emphasises proactive compliance to prevent disruptions. Businesses should verify their bank details and complete updates before the system enforces checks. The move aims to strengthen the integrity of GST registrations and improve transparency in tax administration.

Read More: FM Nirmala Sitharaman Says Government in Talks with RBI, Banks on Consolidation.

Conclusion

GSTN’s upcoming enforcement of Rule 10A marks a significant compliance milestone for taxpayers. By mandating the timely submission of bank account details, the system seeks to enhance accuracy and reduce fraud risks. Businesses are advised to act promptly to avoid suspension and ensure uninterrupted operations under the GST framework.

Disclaimer: This blog has been written exclusively for educational purposes. The securities mentioned are only examples and not recommendations. This does not constitute a personal recommendation/investment advice. It does not aim to influence any individual or entity to make investment decisions. Recipients should conduct their own research and assessments to form an independent opinion about investment decisions.

Investments in the securities market are subject to market risks, read all the related documents carefully before investing.