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Bank account for branch office.

22 August 2023

Whether maintaining a separate bank account for branch office registered under GST is mandatory or HO's bank account can be used for transactions and also whether same bank details can be provided in GST registration of branch account?

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4 Replies

RAJA P M ("Do the Right Thing...!!!") (127921 Points)
Replied 22 August 2023

Yes, You can use single account in HO and BO.

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sabyasachi mukherjee (27105 Points)
Replied 22 August 2023

Branch do not hv any access to ho s bank account.

RAJA P M ("Do the Right Thing...!!!") (127921 Points)
Replied 22 August 2023

It's not meaningful or not understandable...

sabyasachi mukherjee (27105 Points)
Replied 24 August 2023

It's very comprehensive and flexible , you have not worked in a similar scenario.
mIntaini g a separate bank account is mandatory because branch transaction are not to be mixed up with ho.Ho had control over only certain expenses.