Advisory for furnishing bank account details before filing GSTR-1/IFF from 01.09.2024

Advisory for furnishing bank account details before filing GSTR-1 or Invoice Furnishing Facility (IFF) from 01.09.2024

As per Rule 10A of Central Goods and Services Tax Rules, 2017 notified vide notification no. 31/2019 dated 28.06.2019, a taxpayer is required to furnish details of a valid Bank Account within a period of 30 days from the date of grant of registration, or before furnishing the details of outward supplies of goods or services or both in FORM GSTR-1 or using Invoice Furnishing Facility (IFF), whichever is earlier.

Advisory and various communications have already been issued time to time to inform the taxpayers regarding furnishing the details of a valid Bank Account detail in the GST Registration.

Now, from 01st September, 2024 this rule is being enforced. Therefore, for the Tax period August-2024 onwards, the taxpayer will not be able furnish GSTR-01/IFF as the case may be, without furnishing the details of a valid Bank Account in their registration details on GST Portal.

GSTN has issued advisory for all the taxpayers who have not yet furnished the details of a valid Bank Account details are hereby requested to add their bank account information in their registration details by visiting Services > Registration > Amendment of Registration Non – Core Fields tabs on GST Portal.

It has been informed that in absence of a valid bank account details in GST registration, you will not be able to file GSTR-1 or IFF as the case may, be from August-2024 return period.

• Deduction u/s 80-IA(7) not allowed for delayed filing of audit report in Form 10CCB
• Is CSR expenditure is allowable under section 80G of Income Tax Act – ITAT says “Yes”
• Territorial jurisdiction of ITAT is determined on the basis of situs of Assessing Officer
• Notice u/s 148 set-aside as assessee’s e-mail was inactive and notices went un-noticed
• AO after dropping an issue for lack of evidence may re-open it on gathering information