iam maintained small kirana goods stores.my turnover below 40 lacs limit no gst registered.i consulting bank manager for the purpose of bank loan.if bank manager required gst registered certificate compulsory . how to sloved my problem
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Quick Summary
This discussion addresses a common problem for small kirana store owners: obtaining a bank loan without GST registration. While banks often demand GST certificates, alternative documents like income tax returns, supplier payment bank statements, and CA-attested sales certificates can be used as proof of turnover. The conversation also touches on the broader need for financial professionals within banking and tax departments to streamline processes for smaller businesses.