Provisions under Rule 96C of the Central Goods and Services Tax (CGST) Rules, 2017 relating to “Bank Account for credit of refund”, are as under:
CGST Rule 96C: Bank Account for credit of refund (Chapter-X: Refund) [Note 1]
For the purposes of sub-rule (3) of rule 91, sub-rule (4) of rule 92 and rule 94, “bank account” shall mean such bank account of the applicant which is in the name of applicant and obtained on his Permanent Account Number:
Provided that in case of a proprietorship concern, the Permanent Account Number of the proprietor shall also be linked with the Aadhaar number of the proprietor.
1. CGST Rule 96B inserted vide Central Tax Notification 35/2021 dt. 24/09/2021, pending notification on commencement date thereof.