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