Amendment to Rule 10A by reducing the time limit for Furnishing Bank Account Details

The CBIC vide Notification No. 38/2023 – Central Tax dated August 04, 2023 has issued ‘the Central Goods and Services Tax (Second Amendment) Rules, 2023’ to further amend the CGST Rules in to order to align with recommendations of the 50th GST Council Meeting held on July 11, 2023, in the following manner:

 

In the said rules, in rule 10A, for the portion beginning with the words and figure “as soon as may be, but not later than forty-five days” and ending with the words “in order to comply with any other provision” the following shall be substituted, namely:-

 

“within a period of thirty days from the date of grant of registration, or before furnishing the details of outward supplies of goods or services or both under section 37 in FORM GSTR-1 or using invoice furnishing facility, whichever is earlier, furnish information with respect to details of bank account on the common portal”.

Source - https://taxinformation.cbic.gov.in/view-pdf/1009820/ENG/Notifications