Please anyone explain
IN NET BANKING, WHAT IS THE DIFFERENCE BETWEEN CORPORATE USER VS RETAIL USER ?
IS CURRENT BANK ACCOUNT ALWAYS A CORPORATE USER?
Dhirajlal Rambhia
(SEO Sai Gr. Hosp.)
(170119 Points)
Replied 20 December 2018
"IS CURRENT BANK ACCOUNT ALWAYS A CORPORATE USER? "
Not necessarily.
Its catagotized on high volume or low volume transactions.
Generally small traders or individuals or such professionals are catagotized under retail cusomers.
But companies or cusomers having heavy trabsaction volumes in frequency as well as value are put under corporate user.
Analysis of 20 GST Notices (including 2 Appeals) and Practise on Drafting(with recording)
GSTR 9 and 9C for FY 23-24 as amended by Notification 12/2024 dated 10th July 2024(with recording)
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