GST issued an advisory on Bank Account Validation

Apr 24, 2023 | by TeamLease RegTech Legal Research Team

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Finance & Taxation ComplianceThe Goods and Services Tax (GST) on April 24, 2023, issued an advisory on bank account validation.

It is to inform you that the functionality for bank account validation is now integrated with the GST System. This feature is introduced to ensure that the bank accounts provided by the Tax Payer are correct. 

The bank account validation status can be seen under the Dashboard > My Profile > Bank Account Status tab in the FO portal. Tax Payers will also receive the bank account status detail on the registered email and mobile number immediately after the validation is performed for their declared bank account.

 

 


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