GST bank account


This query is : Resolved 

Quick Summary
For a company with multiple branches across the country, a single bank account is generally sufficient for GST purposes. While separate accounts aren't strictly necessary, you might consider opening additional ones if you encounter practical difficulties. Using a single account can also lead to better utilisation of funds.

23 August 2021 If a company has 5 branches all over the country, is it necessary to have separate Bank accounts...Or just one bank account is fine?

23 August 2021 Not necessarily to have separate bank account. If you face any practical difficulty then you have separate bank account.
Single bank account enable better utilisation of funds.

23 August 2021 Thank you so much sir


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