Bank account furnishing requirement: registered persons must upload bank details on the GST portal to enable compliance and refunds. The amendment inserts a mandatory bank account declaration requirement for newly registered persons to furnish bank details on the common portal, makes non-compliance a ground for action, substitutes 'payment order' for 'payment advice' in refund and disbursement rules, permits transfers between heads in the electronic cash ledger via FORM GST PMT-09, establishes a refund mechanism for airport retail outlets (FORM GST RFD-10B), extends anti profiteering investigation and determination timelines and clarifies valuation treatment excluding Kerala Flood Cess and optional QR code requirements on invoices.
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Provisions expressly mentioned in the judgment/order text.
Bank account furnishing requirement: registered persons must upload bank details on the GST portal to enable compliance and refunds.
The amendment inserts a mandatory bank account declaration requirement for newly registered persons to furnish bank details on the common portal, makes non-compliance a ground for action, substitutes "payment order" for "payment advice" in refund and disbursement rules, permits transfers between heads in the electronic cash ledger via FORM GST PMT-09, establishes a refund mechanism for airport retail outlets (FORM GST RFD-10B), extends anti profiteering investigation and determination timelines and clarifies valuation treatment excluding Kerala Flood Cess and optional QR code requirements on invoices.
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