A business registered for GST in Delhi with a current bank account in the company's name is opening a new branch in Jammu & Kashmir. They want to know if the existing bank account can be used for the new GST registration or if a new account is mandatory in Jammu & Kashmir. While the same bank account is permissible, opening a separate account for the new branch is recommended for easier accounting.
I have current bank account in name xyz company Ltd. (registered under Delhi Gst) in Delhi, now i decide to open new branch in name of xyz company Ltd. in Jammu & Kashmir, for new gst registration same Bank Account is valid or we have to open new bank account for Gst registration in jammu & Kashmir.
It is mandatory in gst the registration and Bank account in within same state.