A recent advisory from GSTN highlights a crucial update for all registered taxpayers under the GST regime. Taxpayers are now mandated to furnish their bank account details within 30 days of receiving their GST registration or before the due date of filing their GSTR-1/IFF, whichever is earlier. Failure to comply with this requirement can lead to the suspension of the GSTN, barring taxpayers from filing GSTR-1/IFF and potentially leading to the cancellation of their registration.
