Easy Office
LCI Learning

GST and Power of Attorney

This query is : Resolved 

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.

You need to be the querist or approved CAclub expert to take part in this query .
Click here to login now

CAclubindia's WhatsApp Groups Link

Similar Resolved Queries


Unanswered Queries

Answer Query