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Fees received in savings account

Others 341 views 6 replies
I have a current account. I am also a GST registered person. My current account is linked with my GST number.
I receive some of my fees in my personal savings account. Is it ok to receive fees, on which GST has been charged, in my savings account ?

Thanks & Regards
Replies (6)
Yes you can receive fees on savings account, no problem but you should transfer such fees to your current account
You are doing business as proprietorship?
@ SagarJaiswal,
Yes
Then no issue you can receive fees in your personal account.But keep a record of business transaction.
Does the size of amount received matter ?
I mean if the amount is in lakhs, still it doesn't matter ?
No doesn't matter.


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