30 July 2017
I have 2 new proprietorship businesses (one trading of goods and other offering services) and applied as new registrant for GST under 1 PAN. While I had put a trade name at time of registration, the legal name of business reflecting in my profile on the GST portal is my individual name only as shown on PANcard. I have 2 queries
1- How do I issue invoices and purchase goods for the 2 businesses - in legal name i.e. individual name ? or trade name? considering my trade names are not reflecting in GST profile.
2- How do I add trade names of my 2 businesses for this GST number on GST portal
30 July 2017
For proprietorship there is provision of putting trade name. If you have not done it you will have to amend it but they will open for amendment only sometime in September as per enquiries made at Seva Kendra. You MAY make application for multiple registration under same PAN if you have more than one business vertical in the state. However there are conditions for that and of course headache of filing twice the number of returns and each registration being considered as a separate entity and transfer of goods or service between the registrations will be liable for GST. Suggest you consolidate your business into one trade name.
30 July 2017
Thnx Sunil. I have trade name regd for proprietorship and it is showing on regn certificate but is separate from legal name. Hence, my first query was should I invoice clients with legal name or trade name and also if i purchase goods should i take bills in legal name or trade name.
31 July 2017
I have trade name regd for proprietorship and it is showing on regn certificate but is separate from legal name. Hence, my first query was should I invoice clients with legal name or trade name and also if i purchase goods should i take bills in legal name or trade name.
Read more at: https://www.caclubindia.com/experts/add-trade-name-2534749.asp
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