if a sole proprietor wants to open a current account then whether GSTIN number is required for it?
bank is not opening current account and asking for GSTIN number but the annual turnover is below 20 lakh so don't want to take registration undet GST
any solution?
Any one registration certificate is mandatory for opening current account along with PAN, address proof etc. ......
Be it GSTIN, ot Shop & Establishment license, or EIN number, or FSSAI registration etc. etc.
@ Vinod Babu
My turnover is just 20-25 lakhs. its below limit rs. 40 lakhs so i am not liable for GST registration but bank is asking for GST NO.
Since the person if not liable to register under GST, the same is not required to open the current account. You may give a declaration in writing and discuss with bank's manager.
CAclubindia
