Gemeral

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RAKESH SHARMA (Querist)
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05 March 2013 Dear All,
Please tell who is liable to have a current a/c and whether it is mandatory to give bank statement copy for vat registration.

Dintakurthi Tirumala

Dintakurthi Tirumala (Expert)
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05 March 2013 Any one can have current account with the option of the user. For other than individuals savings account option not available so they must and should have current account to operate their transactions through Bank. For savings account there is limit to no of transactions per week or year or month or any other period differ from bank to bank and charges will levy for exceeding such transaction but there is no limit for current account transactions so those who have more transaction are opted for current account.

Yes, to avail VAT registration Bank account copy must and should and this account copy need not to be on the firm name it may be on the name of proprietor or managing partner you can submit for VAT registration and either savings or current account any one is acceptable.

OM SAI SRI SAI JAI JAI SAI

RAKESH SHARMA

RAKESH SHARMA (Querist)
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07 March 2013 Thank you.

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