{"id":6098,"date":"2023-07-18T17:07:18","date_gmt":"2023-07-18T17:07:18","guid":{"rendered":"https:\/\/www.caindelhiindia.com\/blog\/?p=6098"},"modified":"2024-08-29T17:25:21","modified_gmt":"2024-08-29T17:25:21","slug":"gstn-issued-advisory-on-bank-account-validation","status":"publish","type":"post","link":"https:\/\/www.caindelhiindia.com\/blog\/gstn-issued-advisory-on-bank-account-validation\/","title":{"rendered":"GSTN issued advisory on New Bank A\/c Validation"},"content":{"rendered":"<h2><img loading=\"lazy\" decoding=\"async\" class=\"alignnone wp-image-6100\" src=\"https:\/\/www.caindelhiindia.com\/blog\/wp-content\/uploads\/2023\/07\/GSTN-issued-advisory-on-Bank-Account-Validation.jpeg\" alt=\"GSTN issued advisory on Bank Account Validation\" width=\"936\" height=\"492\" srcset=\"https:\/\/www.caindelhiindia.com\/blog\/wp-content\/uploads\/2023\/07\/GSTN-issued-advisory-on-Bank-Account-Validation.jpeg 310w, https:\/\/www.caindelhiindia.com\/blog\/wp-content\/uploads\/2023\/07\/GSTN-issued-advisory-on-Bank-Account-Validation-300x158.jpeg 300w\" sizes=\"(max-width: 936px) 100vw, 936px\" \/><\/h2>\n<div id=\"ez-toc-container\" class=\"ez-toc-v2_0_58 counter-hierarchy ez-toc-counter ez-toc-grey ez-toc-container-direction\">\n<p class=\"ez-toc-title\">Table of Contents<\/p>\n<label for=\"ez-toc-cssicon-toggle-item-69da7fd961f61\" class=\"ez-toc-cssicon-toggle-label\"><span class=\"\"><span class=\"eztoc-hide\" style=\"display:none;\">Toggle<\/span><span class=\"ez-toc-icon-toggle-span\"><svg style=\"fill: #999;color:#999\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\" class=\"list-377408\" width=\"20px\" height=\"20px\" viewBox=\"0 0 24 24\" fill=\"none\"><path d=\"M6 6H4v2h2V6zm14 0H8v2h12V6zM4 11h2v2H4v-2zm16 0H8v2h12v-2zM4 16h2v2H4v-2zm16 0H8v2h12v-2z\" fill=\"currentColor\"><\/path><\/svg><svg style=\"fill: #999;color:#999\" class=\"arrow-unsorted-368013\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\" width=\"10px\" height=\"10px\" viewBox=\"0 0 24 24\" version=\"1.2\" baseProfile=\"tiny\"><path d=\"M18.2 9.3l-6.2-6.3-6.2 6.3c-.2.2-.3.4-.3.7s.1.5.3.7c.2.2.4.3.7.3h11c.3 0 .5-.1.7-.3.2-.2.3-.5.3-.7s-.1-.5-.3-.7zM5.8 14.7l6.2 6.3 6.2-6.3c.2-.2.3-.5.3-.7s-.1-.5-.3-.7c-.2-.2-.4-.3-.7-.3h-11c-.3 0-.5.1-.7.3-.2.2-.3.5-.3.7s.1.5.3.7z\"\/><\/svg><\/span><\/span><\/label><input type=\"checkbox\"  id=\"ez-toc-cssicon-toggle-item-69da7fd961f61\"  aria-label=\"Toggle\" \/><nav><ul class='ez-toc-list ez-toc-list-level-1 ' ><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-1\" href=\"https:\/\/www.caindelhiindia.com\/blog\/gstn-issued-advisory-on-bank-account-validation\/#Goods_and_Services_Tax_Network_issued_advisory_on_New_Bank_Account_Validation\" title=\"Goods and Services Tax Network issued advisory on New Bank Account Validation\u00a0\">Goods and Services Tax Network issued advisory on New Bank Account Validation\u00a0<\/a><ul class='ez-toc-list-level-3'><li class='ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-2\" href=\"https:\/\/www.caindelhiindia.com\/blog\/gstn-issued-advisory-on-bank-account-validation\/#Now_Goods_and_Services_Tax_Payments_can_also_be_made_through_UPI_via_KotakBankLtd\" title=\"Now Goods and Services Tax Payments can also be made through UPI via @KotakBankLtd\u00a0\">Now Goods and Services Tax Payments can also be made through UPI via @KotakBankLtd\u00a0<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-3\" href=\"https:\/\/www.caindelhiindia.com\/blog\/gstn-issued-advisory-on-bank-account-validation\/#Goods_and_Services_Tax_add_their_valid_bank_account_information_in_GST_Registration\" title=\"Goods and Services Tax add their valid bank account information in GST Registration\">Goods and Services Tax add their valid bank account information in GST Registration<\/a><\/li><\/ul><\/li><\/ul><\/nav><\/div>\n<h2><span class=\"ez-toc-section\" id=\"Goods_and_Services_Tax_Network_issued_advisory_on_New_Bank_Account_Validation\"><\/span><span style=\"color: #000080;\">Goods and Services Tax Network issued advisory on New Bank Account Validation\u00a0<\/span><span class=\"ez-toc-section-end\"><\/span><\/h2>\n<ul>\n<li>GSTN has issued Advisory dated April 24, 2023 on Bank Account Validation. It is recommended that the Goods and Services Tax System now includes capabilities for bank account validation. This feature was added to make sure that the bank information provided by GST payers is integrated with Goods and Services Tax System<\/li>\n<li>Bank A\/c validation status can be seen under the GST Dashboard\u2192My Profile\u2192Bank A\/c Status tab in the FO portal.<\/li>\n<li>Goods and Services Taxpayers will also receive the bank account status detail on registered email and mobile No immediately after validation is performed for his declared bank A\/c.<\/li>\n<\/ul>\n<p><img loading=\"lazy\" decoding=\"async\" class=\"alignnone size-full wp-image-6099\" src=\"https:\/\/www.caindelhiindia.com\/blog\/wp-content\/uploads\/2023\/07\/GSTN-1-Bank-Account-vailadation.jpg\" alt=\"\" width=\"1012\" height=\"544\" srcset=\"https:\/\/www.caindelhiindia.com\/blog\/wp-content\/uploads\/2023\/07\/GSTN-1-Bank-Account-vailadation.jpg 1012w, https:\/\/www.caindelhiindia.com\/blog\/wp-content\/uploads\/2023\/07\/GSTN-1-Bank-Account-vailadation-300x161.jpg 300w, https:\/\/www.caindelhiindia.com\/blog\/wp-content\/uploads\/2023\/07\/GSTN-1-Bank-Account-vailadation-768x413.jpg 768w, https:\/\/www.caindelhiindia.com\/blog\/wp-content\/uploads\/2023\/07\/GSTN-1-Bank-Account-vailadation-800x430.jpg 800w\" sizes=\"(max-width: 1012px) 100vw, 1012px\" \/><\/p>\n<ul>\n<li>Post Bank Accounts validation, any bank A\/c No in database would have one status out of the four status types. The exact details of the Bank Accounts can be seen by hovering mouse over these icons in the Goods and Services Tax Payers\u2019 dashboard in FO Portal.<\/li>\n<li>Whenever, the Goods and Services Taxpayer is shown \u2018Failure\u2019 icon, it with have further details such as<\/li>\n<\/ul>\n<p style=\"padding-left: 80px;\">\ud83d\udd18 Entered Permanent Account N\u200bumber is invalid.<\/p>\n<p style=\"padding-left: 80px;\">\ud83d\udd18 Permanent Account N\u200bumber not available in the concerned bank account.<\/p>\n<p style=\"padding-left: 80px;\">\ud83d\udd18 PAN Registered under Goods and Services Tax Network, and the Permanent Account N\u200bumber maintained in the Bank Account are not same.<\/p>\n<p style=\"padding-left: 80px;\">\ud83d\udd18 Bank IFSC code entered for the bank A\/c details is invalid.<\/p>\n<ul>\n<li>In such circumstances, Goods and Services Taxpayer is liable for making sure that he has supplied accurate bank information &amp; that the bank has completed the Know Your Customer form for his bank account.<\/li>\n<li>The GST Tax Payer should provide an alternate bank account number so that it can be revalidated in order to speed up subsequent online processes whenever the status of his bank account is displayed as &#8220;Success With Remark&#8221; icon with the information \u201cThe account cannot be validated since the bank is not integrated with National Payments Corporations of India for online bank account validation\u201d,<\/li>\n<li>If the account status is shown as \u201cPending for Validation\u201d then wait since the account will be validated by National Payments Corporations of India.<\/li>\n<li>The Goods and Services Taxpayer at any time can delete or add the bank account details &amp; new Bank Account details will be validated.<\/li>\n<li>GSTN has issued Advisory can be accessed at:\u00a0<a href=\"https:\/\/www.gst.gov.in\/newsandupdates\/read\/579\">https:\/\/www.gst.gov.in\/newsandupdates\/read\/579<\/a><\/li>\n<\/ul>\n<h3><span class=\"ez-toc-section\" id=\"Now_Goods_and_Services_Tax_Payments_can_also_be_made_through_UPI_via_KotakBankLtd\"><\/span><span style=\"color: #000080;\">Now Goods and Services Tax Payments can also be made through UPI via @KotakBankLtd\u00a0<\/span><span class=\"ez-toc-section-end\"><\/span><\/h3>\n<p><img loading=\"lazy\" decoding=\"async\" class=\"alignnone size-full wp-image-6573\" src=\"https:\/\/www.caindelhiindia.com\/blog\/wp-content\/uploads\/2023\/07\/Now-GST-payments-can-also-be-made-through-UPI.jpg\" alt=\"Now GST payments can also be made through UPI via @KotakBankLtd \" width=\"1599\" height=\"845\" srcset=\"https:\/\/www.caindelhiindia.com\/blog\/wp-content\/uploads\/2023\/07\/Now-GST-payments-can-also-be-made-through-UPI.jpg 1599w, https:\/\/www.caindelhiindia.com\/blog\/wp-content\/uploads\/2023\/07\/Now-GST-payments-can-also-be-made-through-UPI-300x159.jpg 300w, https:\/\/www.caindelhiindia.com\/blog\/wp-content\/uploads\/2023\/07\/Now-GST-payments-can-also-be-made-through-UPI-1024x541.jpg 1024w, https:\/\/www.caindelhiindia.com\/blog\/wp-content\/uploads\/2023\/07\/Now-GST-payments-can-also-be-made-through-UPI-768x406.jpg 768w, https:\/\/www.caindelhiindia.com\/blog\/wp-content\/uploads\/2023\/07\/Now-GST-payments-can-also-be-made-through-UPI-1536x812.jpg 1536w, https:\/\/www.caindelhiindia.com\/blog\/wp-content\/uploads\/2023\/07\/Now-GST-payments-can-also-be-made-through-UPI-800x423.jpg 800w\" sizes=\"(max-width: 1599px) 100vw, 1599px\" \/><\/p>\n<h3><span class=\"ez-toc-section\" id=\"Goods_and_Services_Tax_add_their_valid_bank_account_information_in_GST_Registration\"><\/span><span style=\"color: #000080;\">Goods and Services Tax add their <\/span><span style=\"color: #000080;\">valid<\/span><span style=\"color: #000080;\"> bank account information in GST Registration<\/span><span class=\"ez-toc-section-end\"><\/span><\/h3>\n<p><img loading=\"lazy\" decoding=\"async\" class=\"alignnone size-full wp-image-7826\" src=\"https:\/\/www.caindelhiindia.com\/blog\/wp-content\/uploads\/2023\/07\/update-the-Vaid-Bank-Ac-.jpg\" alt=\"update the Valid Bank Ac in GST \" width=\"1197\" height=\"1153\" srcset=\"https:\/\/www.caindelhiindia.com\/blog\/wp-content\/uploads\/2023\/07\/update-the-Vaid-Bank-Ac-.jpg 1197w, https:\/\/www.caindelhiindia.com\/blog\/wp-content\/uploads\/2023\/07\/update-the-Vaid-Bank-Ac--300x289.jpg 300w, https:\/\/www.caindelhiindia.com\/blog\/wp-content\/uploads\/2023\/07\/update-the-Vaid-Bank-Ac--1024x986.jpg 1024w, https:\/\/www.caindelhiindia.com\/blog\/wp-content\/uploads\/2023\/07\/update-the-Vaid-Bank-Ac--768x740.jpg 768w, https:\/\/www.caindelhiindia.com\/blog\/wp-content\/uploads\/2023\/07\/update-the-Vaid-Bank-Ac--800x771.jpg 800w\" sizes=\"(max-width: 1197px) 100vw, 1197px\" \/><\/p>\n<ul>\n<li>From Tax period August-2024 onwards, the taxpayer will not be able furnish GSTR-01\/IFF as the case may be, without furnishing the details of a valid Bank Account in their registration details on GST Portal.<\/li>\n<\/ul>\n<p><img loading=\"lazy\" decoding=\"async\" class=\"alignnone size-full wp-image-7829\" src=\"https:\/\/www.caindelhiindia.com\/blog\/wp-content\/uploads\/2023\/07\/GST-2.jpg\" alt=\"add bank details in Portal \" width=\"1280\" height=\"904\" srcset=\"https:\/\/www.caindelhiindia.com\/blog\/wp-content\/uploads\/2023\/07\/GST-2.jpg 1280w, https:\/\/www.caindelhiindia.com\/blog\/wp-content\/uploads\/2023\/07\/GST-2-300x212.jpg 300w, https:\/\/www.caindelhiindia.com\/blog\/wp-content\/uploads\/2023\/07\/GST-2-1024x723.jpg 1024w, https:\/\/www.caindelhiindia.com\/blog\/wp-content\/uploads\/2023\/07\/GST-2-768x542.jpg 768w, https:\/\/www.caindelhiindia.com\/blog\/wp-content\/uploads\/2023\/07\/GST-2-800x565.jpg 800w\" sizes=\"(max-width: 1280px) 100vw, 1280px\" \/><\/p>\n<ul>\n<li>We kindly ask all taxpayers who have yet to provide the data of a genuine bank account to do so by visiting the <span style=\"color: #000080;\">Goods and Services Tax <\/span>portal and adding the bank account information to their registration details.<\/li>\n<li>It is recommended that starting with the August 2024 GST Return period, you will not be allowed to file GSTR-1 or IFF, depending on the situation, In case GST Taxpayer do not have a valid bank account information for your <span style=\"color: #000080;\">Goods and Services Tax<\/span> Registration.<\/li>\n<li>Allow us to assist you with GST compliance!<\/li>\n<\/ul>\n","protected":false},"excerpt":{"rendered":"<p>Goods and Services Tax Network issued advisory on New Bank Account Validation\u00a0 GSTN has issued Advisory dated April 24, 2023 on Bank Account Validation. It is recommended that the Goods and Services Tax System now includes capabilities for bank account validation. This feature was added to make sure that the bank information provided by GST &hellip;<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_mi_skip_tracking":false,"_monsterinsights_sitenote_active":false,"_monsterinsights_sitenote_note":"","_monsterinsights_sitenote_category":0,"footnotes":""},"categories":[933],"tags":[914],"aioseo_notices":[],"_links":{"self":[{"href":"https:\/\/www.caindelhiindia.com\/blog\/wp-json\/wp\/v2\/posts\/6098"}],"collection":[{"href":"https:\/\/www.caindelhiindia.com\/blog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.caindelhiindia.com\/blog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.caindelhiindia.com\/blog\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/www.caindelhiindia.com\/blog\/wp-json\/wp\/v2\/comments?post=6098"}],"version-history":[{"count":4,"href":"https:\/\/www.caindelhiindia.com\/blog\/wp-json\/wp\/v2\/posts\/6098\/revisions"}],"predecessor-version":[{"id":7830,"href":"https:\/\/www.caindelhiindia.com\/blog\/wp-json\/wp\/v2\/posts\/6098\/revisions\/7830"}],"wp:attachment":[{"href":"https:\/\/www.caindelhiindia.com\/blog\/wp-json\/wp\/v2\/media?parent=6098"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.caindelhiindia.com\/blog\/wp-json\/wp\/v2\/categories?post=6098"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.caindelhiindia.com\/blog\/wp-json\/wp\/v2\/tags?post=6098"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}