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Bank account for branch office.
Whether maintaining a separate bank account for branch office registered under GST is mandatory or HO's bank account can be used for transactions and also whether same bank details can be provided in GST registration of branch account?
Replies (4)
Quick Summary
Yes, You can use single account in HO and BO.
Branch do not hv any access to ho s bank account.
It's not meaningful or not understandable...
It's very comprehensive and flexible , you have not worked in a similar scenario.
mIntaini g a separate bank account is mandatory because branch transaction are not to be mixed up with ho.Ho had control over only certain expenses.
mIntaini g a separate bank account is mandatory because branch transaction are not to be mixed up with ho.Ho had control over only certain expenses.
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