In case of proprietorship, partnership, LLP, Company, trust, AOP, BOI, Query 1:- adding the Bank account for GST is compulsory? Query 2:- which type of account current account or saving account? We can choose both type of account for GST?
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Quick Summary
This discussion clarifies the mandatory requirement of adding a bank account for GST registration across various business structures like proprietorships, partnerships, and companies. It confirms that both current and savings accounts are acceptable, provided they belong to the taxpayer. While details are mandatory for GST registration, the specific type of account may depend on the business's constitution.
Bank Account details is mandatory for GST Registration. You have to register your bank A/c details in the GST System after you login to the GST portal for the first time.
The type of Bank A/c ( Current / Savings Account) depends on the type of constitution of business.