GST and Power of Attorney
This query is : Resolved
Quick Summary
22 June 2024
One of my client is doing trading business in Arunachal Pradesh. The shop-license is in the name of local tribal and on the basis of a Power of Attorney, my client has started business, taken GST registration in his own name, opened bank a/c in the name of firm (with signature of my client on the basis of Power of Attorney). Whether income of said firm can be shown in my client's file ?
22 June 2024
Income of firm cannot transferred to PoA 's account. But bank account should have been opened in individuals name.
22 June 2024
Sir, I meant to say Proprietorship firm, not partnership .
22 June 2024
For proprietorship firm proprietor is the owner of the firm and not power of attorney. Clear the mess first.
30 August 2024
Good luck.
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