Bank account reporting requirement mandates newly registered persons to furnish bank details promptly to comply with GST rules. The amendment requires newly registered persons (except certain classed registrations) to furnish bank account details on the common portal within a prescribed short period from registration or return due date; violations are added to the list of offenses. It empowers the Government to mandate QR codes on invoices, excludes a specified flood cess from valuation under section 15, substitutes 'payment order' for 'payment advice,' enables intra-ledger transfers via FORM GST PMT-09, and creates a refund mechanism for airport retail outlets supplying eligible outgoing international tourists, with revised forms and extended administrative timelines.
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Provisions expressly mentioned in the judgment/order text.
Bank account reporting requirement mandates newly registered persons to furnish bank details promptly to comply with GST rules.
The amendment requires newly registered persons (except certain classed registrations) to furnish bank account details on the common portal within a prescribed short period from registration or return due date; violations are added to the list of offenses. It empowers the Government to mandate QR codes on invoices, excludes a specified flood cess from valuation under section 15, substitutes "payment order" for "payment advice," enables intra-ledger transfers via FORM GST PMT-09, and creates a refund mechanism for airport retail outlets supplying eligible outgoing international tourists, with revised forms and extended administrative timelines.
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