From 1st Sept, 2024, GST taxpayers must have a VALID & VALIDATED BANK ACCOUNT linked and updated to their GST Portal to file GSTR-1/ IFF Returns! TAXCONCEPT

From 1st Sept, 2024, GST taxpayers must have a VALID & VALIDATED BANK ACCOUNT linked and updated to their GST Portal to file GSTR-1/ IFF Returns!

Requirement Under GST Rule 10A: Taxpayers must provide details of a valid bank account within 30 days of receiving GST registration or before filing details of outward supplies in GSTR-1/IFF, whichever comes first.

Impact on Filing: Without valid bank account details in their GST registration, taxpayers will be unable to file GSTR-1 or IFF starting from the tax period of August 2024.