rajasthan vat registration

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hemant garg (Querist)
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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

Shyam Lal Naik (Expert)
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27 November 2016 This will be incorrect and mis declaration

Aashok Kumar Sharma

Aashok Kumar Sharma (Expert)
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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.

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