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GSTN issued an advisory on Bank Account Validation

The Goods and Services Tax Network (“GSTN”) has issued an Advisory dated April 24, 2023, on Bank Account Validation. GSTN is pleased 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 taxpayer are correct. The bank account validation status can be seen under the Dashboard → My Profile → Bank Account Status tab in the FO portal. Taxpayers 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. Post validation, any bank account number in the database would have one status out of the below-mentioned four status types. The exact details of the accounts can be seen by hovering the mouse over these icons in the taxpayer’s dashboard in FO Portal.

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