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Bank Account Details

Marimuthu (Manager) (525 Points)

31 December 2021

Dear Experts,

At the time of GST Certificate Registration for the Proprietaryship firm,
Bank account is mandatory?.

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6 Replies

Tanuj Chandra Saxenaa (Company Secretary) (7070 Points)
Replied 31 December 2021

Yes it is mandatory

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Marimuthu (Manager) (525 Points)
Replied 31 December 2021

But opening the current account, bankers asking the GST Registration Certificate....

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Tanuj Chandra Saxenaa (Company Secretary) (7070 Points)
Replied 31 December 2021

Inbox the details pl check

Sasi Kumar P (16 Points)
Replied 31 December 2021

Dear Marimuthu,
please refer Rule 10A of the CGST Rules.

wherein it is said that " bank account details are to be added only after the GST registration is taken.
You have to incorporate the bank account details afer receiving the registration.
within 45 days of Registration approval or before due date for filing the first GSTR3B.

Thus in essence you need not have a bank account at the time of applying for GST Registration.

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CA Altamush Zafar (GST Consultant) (15966 Points)
Replied 31 December 2021

As per the current practice you will first be granted registration. The portal will not ask bank details at the time of registration. Once you will be granted registration within 45 days you will have to update bank details.

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Marimuthu (Manager) (525 Points)
Replied 31 December 2021

Thank you Expert