Issuing invoice in personal name

I am a dealer of grey cloths i.e raw material of cloths. Now, in grey cloth there is no kind of indirect tax applicable so I don't have to get registered to VAT or any other tax authority. My question is that I don't want to open a current account in bank just for some grey cloth transactions of little value and so would like to issue invoices to the buyers in my personal name.

Can I issue invoices as a trader of grey cloth in my personal name instead of in the name of a firm and then route the payments through my savings bank A/C. Please don't suggest me that opening current a/c has many advantages or such.

 

THanks

Replies (1)

Dear Ketan,

In case the buyers of your Grey Cloth are ready to issue the cheques in your personal name then there will be no problem. You can issue the invoice in your personal name.

Regards

Rohit Gupta

RHT1203 @ GMAIL.COM

Leave a Reply

Your are not logged in . Please login to post replies

Click here to Login / Register  

Company
ARTICLESHIP 01 September 2026
Articles

Saini Pati Shah & Co LLP, Chartered Accountants

Mumbai

CA Foundation

View Details
Company
17 August 2026
Chartered Accountant with US GAAP Experience

Austin Med Solutions Pvt Ltd

Bengaluru

CA

View Details
Company
ARTICLESHIP 26 August 2026
Article Assistant

ANIVESH CONSULTANTS LLP

Gurgaon

CA Inter

View Details
Company
ARTICLESHIP 14 August 2026
Article Assistant

N J Suresh & Associates

Bengaluru

CA Inter

View Details
Company
18 August 2026
Audit Assistant - Remote / Work From Home

CA ANOOP P K & ASSOCIATES

Kozhikode

CA Inter

View Details
Company
14 August 2026
Semi Qualified

Goyanka & Associates

New Delhi

CA Inter

View Details
Company
29 August 2026
Chartered Accountant

Velionit Consulting PVT LTd

Mumbai

CA

View Details
Company
28 August 2026
Audit Manager

K A R M & CO

Mumbai

CMA

View Details