I just took GST registration. To complete the procedure, I need to update bank details. I have opened CA with Indian bank. Whether I can update this bank for GST or should I mandatorily open SBI Account for future GST payments? Please clarify
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Quick Summary
If you've just registered for GST and need to update your bank details, you don't need to open a specific SBI account. You can use any bank account you have for GST registration and payments. The system allows for various bank options for e-payments and NEFT/RTGS, and you can even use your personal account for GST payments.
You can update the bank account you have. SBI bank account is not mandatory. There are many banks listed for e-payment and nearly every bank for NEFT/RTGS