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Bank account details not d

Nilesh Patel (61 Points)

09 August 2023

what happen if account mentioned in registration details is dormant or inactive. And we don't inform GST department?

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Eswar Reddy S (CFO- at NHTF) (58263 Points)
Replied 10 August 2023

Make it active by visiting GST Dept and you may apply for cancellation of registration later if you want to discontinue GST registration due to lack of sales

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RAJA P M ("Do the Right Thing...!!!") (127962 Points)
Replied 10 August 2023

Better to give new account or Activate the same ...

Nilesh Patel (61 Points)
Replied 10 August 2023

My Question is what action taken by the department in such situation ?

Eswar Reddy S (CFO- at NHTF) (58263 Points)
Replied 10 August 2023

Depart may suspend or cancel the registration.

It's mandatory to update the bank account details in GST

Nilesh Patel (61 Points)
Replied 10 August 2023

Thanks for info. Do you specify any section or rule regarding that.

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Eswar Reddy S (CFO- at NHTF) (58263 Points)
Replied 10 August 2023

As per rule 10A, the newly registered taxpayer is required to furnish bank account details after receiving the certificate of registration in Form GST REG-06 and after receiving the GSTIN

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