GST

Bank account validation functionality for is now integrated with the GST System

GSTN Advisory on Bank Account Validation

GSTN is pleased to inform you that the functionality for bank account validation is now integrated with the GST System. This feature is introduced to ensure that the bank accounts provided by the Tax Payer is correct.

The bank account validation status can be seen under the Dashboard→My Profile→Bank Account Status tab in the FO portal. Tax Payers will also receive the bank account status detail on registered email and mobile number immediately after the validation is performed for his declared bank account.

Post validation, any bank account number in the database would have one status out of the below mentioned four status types. The exact details of the accounts can be seen by hovering mouse over these icons in the Tax Payers’ dashboard in FO Portal.

Whenever, the Tax Payer is shown ‘Failure’ icon with further details such as

-The entered PAN number is invalid.

-PAN not available in the concerned bank account.

-PAN Registered under GSTIN, and the PAN maintained in the Bank Account are not same.-

IFSC code entered for the bank account details is invalid

In these cases, the Tax Payer is expected to ensure that he has entered correct bank details and the KYC is completed by bank for his bank account.

Whenever, the Tax Payer is shown, the status of his bank account as ‘Success With Remark’ icon with details “The account cannot be validated since the bank is not integrated with NPCI for online bank account validation”, the Tax Payer should provide alternate bank account number so that it can be revalidated to expedite further online processes.

If the account status is shown as “Pending for Validation” then please wait since the account will be validated by NPCI.

The Tax Payer at any time can add/delete the bank account details and new account details will be validated.

 

Share

Recent Posts

  • Income Tax

Section 292C carry no presumption of correctness of seized documents contents against third party

Section 292C of the Income Tax Act 1961 indeed carries presumption of correctness of such seized documents contents but only…

20 hours ago
  • Income Tax

Condonation of delay u/s 119(2)(b) for filing revised return to avail benefits u/s 44ADA

PCIT directed to consider condonation of delay u/s 119(2)(b) in filing revised return to availing benefits of section 44ADA In…

22 hours ago
  • arbitration

Whether condition of pre-deposit prior to reference to Arbitration is arbitrary & violative of right to sue?

Whether condition of pre-deposit prior to reference to Arbitration is arbitrary and violative of the right to sue – Division…

1 day ago
  • Income Tax

FAQs on Foreign Assets of Small Taxpayers Disclosure Scheme and Rule 2026

Frequently asked Questions on Foreign Assets of Small Taxpayers Disclosure Scheme and Rule 2026.  CBDT has released a FAQs on…

4 days ago
  • Income Tax

Foreign Assets of Small Taxpayers- Disclosure Scheme Rules 2026 notified

Foreign Assets of Small Taxpayers- Disclosure Scheme Rules 2026 notified. Rule come into force on the 16th day of August,…

4 days ago
  • GST

Order u/s 69 of the CGST Act has to be communicated before arrest of person concerned– SC

Order u/s 69 of the CGST Act authorising arrest of a person has to be communicated to him before arrest–…

6 days ago