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Important GST Update

IFSC of below 8 banks are changed due to merger. Taxpayers may update their Bank Account details through non-core Amendments and update refund application, in case failed due to validation error sent by PFMS.

List of Banks –

1. Dena Bank,

2. Vijaya Bank,

3. Corporation Bank,

4. Andhra Bank,

5. Syndicate Bank,

6. Oriental Bank of Commerce,

7. United Bank of India; and

8. Allahabad Bank.

GST Impact due to change –

1. Existing Registration – Login to GSTN Portal and update bank details through Non-Core amendment field

2. Refund Applied – Update refund application, in case failed due to validation error sent by PFMS.

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Rohit is an Enterpreneur and has founded a boutique consulting firm - TaxMarvel Consulting Services LLP. View Full Profile

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Reporting of ITC in GSTR 3B & other details in GSTR 1 & GSTR 3B Notifications pursuant to 47th GST Council Meeting Dated: 05.07.2022 Odisha HC: GST ITC transfer from one state to another is not an inward supply Calcutta HC – Buyer Not Responsible for Non Payment of GST by Seller Snapshot of the GST Council Meeting Recommendations View More Published Posts

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4 Comments

  1. Mukesh Deopura says:

    Please advise how to update bank account for refund application on which RFD5 has been generated but PFMS shows Bank validation error. Please advise option/module from where bank account is to be updated.

  2. gyandevi says:

    hello our GST fund has been failed due to merger of bank. First it was showing error for validation of IFSC code. So we have change the bank detail through amendment of core field.and again we update the bank detail in updation of bank. But now it is showing IFSC code is inactive at PFMS

  3. Ramu says:

    Dear Sir,

    I am claiming refund of GST payment. The Trust paid GST on one time non-refundable deposit, even though , I was against the payment as it wasn’t ST chargeable…Case of CCI… Got refund.

    I applied with NOC from Trust and corresponded with GST office, TN.

    Now they need case rulings to refund me the money ….I am not payor.

    I am ready to give Indemnity Bond and get money to my Bank under intimation to the Trust.

    The amount is 50000 and I am a 70 yrs old man. Pl advise quickly.

    Thank you,

    K Ramu. 18mar21

  4. Mahesh Lath says:

    Please advise how to update bank account for refund application on which RFD5 has been generated but PFMS shows Bank validation error. Please advise option/module from where bank account is to be updated. Our refund struck due to merger of bank.

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