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Trade name or legal name for Proprietorship

Sagar S (.) (39 Points)

19 July 2023

In case of proprietorship, Can I generate gst invoice on trade name or legal name for my online business selling digital products ?

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6 Replies

RAJA P M ("Do the Right Thing...!!!") (127169 Points)
Replied 20 July 2023

Yes....
then how can you transact business.

Pranjal Gupta (141 Points)
Replied 20 July 2023

In the case of a proprietorship, you can generate GST invoices using either the trade name (business name) or the legal name of the proprietor. However, there are some important considerations to keep in mind:

Trade Name: If you are operating your online business under a trade name (also known as a "doing business as" or DBA name), you can use that name on your GST invoices. Many businesses prefer to use a trade name for branding and marketing purposes. In such cases, the trade name should be registered with the appropriate authorities as required by the local laws.
Legal Name: The legal name of the proprietorship refers to the name of the individual who owns the business. It is the name used for official registration and identification purposes. If you do not have a registered trade name or prefer not to use it on your invoices, you can use the legal name of the proprietorship on the GST invoices

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RAJA P M ("Do the Right Thing...!!!") (127169 Points)
Replied 20 July 2023

Legal Name : This is the PAN Name.

Trade Name : This is Business Name which is run Our business through a name.

So,

If the Business run by the Proprietor Mr. AAA and the Trade name like M/s. XYZZZ then

Legal Name : AAAAA

Trade Name : XYZZZ

RAJA P M ("Do the Right Thing...!!!") (127169 Points)
Replied 20 July 2023

Please give reply to query for simply understand.

Don't give theory... Bcoz, It's simply taken from online. But, Solution is not available for understanding from the online theory...

Also it's not understand by all....

1 Like

Asheesh Sabarwal (Propreitor) (22 Points)
Replied 26 March 2024

Thanks for the clarity on Legal Name vs Trade Name.

A quick question:

If I have registered a Trade Name (say, XYZZZ), and I also want to (in parallel) raise invoices under my Legal Name (say, AAAAA), do I need to also register my Legal Name as a Trade Name?

CS Advocate Abhishek Goyal (M Com FCS LLB M-AIMA ) (13531 Points)
Replied 27 March 2024

Originally posted by : Asheesh Sabarwal
	Thanks for the clarity on Legal Name vs Trade Name. A quick question: If I have registered a Trade Name (say, XYZZZ), and I also want to (in parallel) raise invoices under my Legal Name (say, AAAAA), do I need to also register my Legal Name as a Trade Name?

If you are talking about GST registration then anyway trade name is registered under the PAN(legal name) so no need to separately register legal name.