Current Account

Is current account mandatory for gst registration

No, a current account is not mandatory for the initial GST registration process. You can use your personal savings account details to apply. However, under Rule 10A of the CGST Rules, you must furnish valid bank account details on the GST portal within 30 days of being granted registration or before filing your first GSTR-1, whichever is earlier. While a savings account is acceptable for sole proprietorships, it is highly recommended to open a current account in the business name to ensure smoother transactions and better compliance.

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