GSTN Issues Advisory on Mandatory Furnishing of Bank Account Details Under Rule 10A

GSTN issued an advisory requiring all registered taxpayers to furnish their bank account details within 30 days or before filing their first return. Non-compliance could result in suspension, affecting business operations. This measure aims to curb fraudulent registrations, strengthen input-tax-credit integrity, and increase traceability in the GST system. The advisory stresses timely compliance and ensures alignment of registration data with financial credentials to reduce tax evasion risks.