Sir,with GST is it mandatory to do business with current account.my turnover 15 lakhs.ravi
chamarthi venkatesh
(Student CA Articleship)
(848 Points)
Replied 20 October 2017
Gst will apply when turnover of the business exceeds Rs 20lakhs
GMR
(SELF EMPLOYED)
(34 Points)
Replied 20 October 2017
anonymous
(student)
(750 Points)
Replied 20 October 2017
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
chamarthi venkatesh
(Student CA Articleship)
(848 Points)
Replied 20 October 2017
ok, gst is applicable for you
chamarthi venkatesh
(Student CA Articleship)
(848 Points)
Replied 20 October 2017
As said by anonymus
There is no provision in GST act regarding SB a/c or Current A/c
CAclubindia
