Furnishing bank account details now mandatory for GST registrants, triggering compliance obligations and portal based validations. Registered persons (excluding certain categories) must furnish bank account details on the common portal within the prescribed period after registration or before return due date; failure to comply is added as a ground for action. The rules permit transfer of amounts among electronic cash ledger heads through FORM GST PMT-09 and substitute the term payment order for payment advice in refund and payment procedures. A new refund scheme allows airport retail outlets beyond immigration to claim refund of taxes on inward supplies to outgoing international tourists, subject to specified documentary and procedural conditions.
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Furnishing bank account details now mandatory for GST registrants, triggering compliance obligations and portal based validations.
Registered persons (excluding certain categories) must furnish bank account details on the common portal within the prescribed period after registration or before return due date; failure to comply is added as a ground for action. The rules permit transfer of amounts among electronic cash ledger heads through FORM GST PMT-09 and substitute the term payment order for payment advice in refund and payment procedures. A new refund scheme allows airport retail outlets beyond immigration to claim refund of taxes on inward supplies to outgoing international tourists, subject to specified documentary and procedural conditions.
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