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

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