GST Registration - Bank Account Requirment
Dears,
Is possible do the GST Registration if I do not have a bank account?
Or use the bank account of third party as my bank account for GST Purposes.
Bank Account Not Needed for GST Registration, But Required for Payments and Refunds; Third-Party Accounts Not Allowed. A forum discussion addressed whether a bank account is necessary for GST registration. A participant inquired if a third-party account could be used, to which it was clarified that this is not permissible. It was noted that a bank account is no longer required at the time of registration, as this requirement was recently removed. However, having a bank account is recommended for tax payments and refunds. An authorized representative in India can handle GST registration for foreign companies. Online GST payments necessitate a bank account. (AI Summary)
Goods and Services Tax - GST