Bank account details not required for GST Registration

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Bank account details not required for GST Registration

Bank account details not required for GST Registration

One steps to provide ease of doing business in India.

Bank account details was one of the condition for obtaining the GST number. As a result, businesses requiring GST number were required to wait till their accounts get opened. It was resulting in a delay of around 3 to 7 days in obtaining the GST Number.

Requirement of bank account details has been removed at the time of GST Registration. Now it is required after first login because normally a bank account cannot be opened before commencement of business. Bank account details can be added vide amendment of non-core field. The GSTN decision is a highly welcome move and more amendment like this is likely to be witnessed in days to come

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