I have a current account. I am also a GST registered person. My current account is linked with my GST number.
I receive some of my fees in my personal savings account. Is it ok to receive fees, on which GST has been charged, in my savings account ?
Thanks & Regards
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Fees received in savings account
Replies (6)
Yes you can receive fees on savings account, no problem but you should transfer such fees to your current account
You are doing business as proprietorship?
@ SagarJaiswal,
Yes
Yes
Then no issue you can receive fees in your personal account.But keep a record of business transaction.
Does the size of amount received matter ?
I mean if the amount is in lakhs, still it doesn't matter ?
I mean if the amount is in lakhs, still it doesn't matter ?
No doesn't matter.
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