proprietor bank account

Accounts 167 views 2 replies
At the time of gst registration whether bank account on the name of proprietorship firm is mandatory or personal saving account is enough?
Replies (2)

IN THE NAME OF PROPRIETORSHIP  IS MANDATORY , NOT IN THE NAME OF OWNER (PROPRIETOR)

 

But banks do not open current a/c without GST no. So initially you may show Savings a/c and change it when current a/c is opened.


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