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Bank savings account to current account

Accounts 635 views 5 replies

Sir,with GST is it mandatory to do business with current account.my turnover 15 lakhs.ravi

Replies (5)

Gst will apply when turnover of the business exceeds Rs 20lakhs

Sir,as it is interstate sales I ve taken gst

BANK ACCOUNT OPEARTIONS AND GST DO NOT HAVE ANY LINK.. 

 

IT IS USUALLY THE BANK WHICH RESTRICTS THE NUMBER OF TRANSCATIONS IN SB A/C.. THUS CA A/C IS MAINTAINED BY BUSINESSMEN

ok, gst is applicable for you

As said by anonymus

There is no provision in GST act regarding SB a/c or Current A/c


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