rajasthan vat registration
This query is : Resolved
hemant garg
(Querist)
27 November 2016
rajsthan vat registration of partnership firm whose bank detail is given is of parnter or firm account detail. If i want to gv parnter account detail there is any risk of rejection
Shyam Lal Naik
(Expert)
27 November 2016
This will be incorrect and mis declaration
19 July 2025
For Rajasthan VAT registration of a partnership firm, the bank details provided should ideally be of the partnership firm’s bank account and not of an individual partner.
Why?
The VAT registration is for the firm as a legal entity.
The bank account should reflect the firm’s finances, for easy tracking of transactions and compliance.
Providing a partner’s personal bank account details instead of the firm’s account may cause discrepancies or raise queries during verification.
Is there a risk of rejection if partner’s account details are given?
Yes, there is a risk. The tax authorities may question why the partner’s personal bank account is used for business transactions.
It could lead to delays or rejection of the registration or request for clarification.
Why?
The VAT registration is for the firm as a legal entity.
The bank account should reflect the firm’s finances, for easy tracking of transactions and compliance.
Providing a partner’s personal bank account details instead of the firm’s account may cause discrepancies or raise queries during verification.
Is there a risk of rejection if partner’s account details are given?
Yes, there is a risk. The tax authorities may question why the partner’s personal bank account is used for business transactions.
It could lead to delays or rejection of the registration or request for clarification.
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