Dear Team,
I want to start my new propitiatory firm, but the banks are asking for GST and Shops and Establishment License. Which i do not have and neither the same is applicable. Please suggest and help
1 Answers
Best Answer
Hi,
You are not required to register for GST if your turnover is less then INR 20 lakhs or if you are a new business.
You shall be able to open a current account with your PAN number and address proof.
You may obtain a formal communication from the bank regarding the requirement of GSTIN for new business and file a grievance at GST common portal here – https://services.gst.gov.in/services/grievance