Advantages of Applying for Gumasta License
Gumasta License is a mandatory registration required for doing any business in the state of Maharashtra. Gumasta license is the license obtained under the Shops and Establishment Act of Maharashtra. Every person who establishes a company needs to obtain a license under the Shops and Establishment Act of that respective state.
Each state has its Shop and Establishment Act. Thus, the shop and establishment licence varies from state to state. The general provisions of this Shop and Establishment Act across all states remains the same. However, the business owner needs to obtain the license under the Shops and Establishment Act of the state he carries on business.
Gumasta License is a registration required for doing any business in Maharashtra, and the Municipal Corporation of Mumbai governs it under the Maharashtra Shops and Establishment Act. This is a certificate that provides you with authority to do your business at a particular place. This license is an essential requirement for any company to be recognized by the Government or Bank for all business, whether it is done by a single person or a big organization.
Obtaining Gumasta ensures your business can be developed without any complications, and it is essential for opening a current account or getting any loan from the bank. Without this license in Maharashtra State, obtaining GST registration is not possible.
Registration under Shop & Establishment Act
This registration form can be applied through the website – lms.mahaonline.gov.in
Create a new account under 'Create Employer User Account' by providing the e-mail id, password and other information.
After the creation of the account, log in to the account on the lms.mahaonline.gov.in website.
Click on the 'Shops and Establishment Registration' tab on the left side of the page and click on 'Registration Form A' under it.
Fill in the 'Registration Form A', upload documents, pay the fees online and submit it.
Once the form is approved, the Registration Certificate will be sent by e-mail, or it can be downloaded by logging into the website and clicking on 'Download Registration Certificate' on the right side of the screen.
Registration Certificate has to be submitted to the Area Inspector within 30 days of starting the business.
Documents Required for Gumasta License
General/Sole Proprietorship | Partnership | Private Company |
Aadhar Card/ Pan Card/ Photo | Partnership Deed | Memorandum and Article of Association |
Address proof (like Electricity Bill) | Partnership Firm's Pan | Certificate of Incorporation |
Application Letter in the prescribed format | Partner's ID proof- Address and Identity | Company Director's ID proof- Address and Identity |
Authority Letter for Business | Prescribed fees for a partnership firm | - |
Proof of ownership of Property | - | - |
Advantages of Applying for Gumasta License
- Once you register for the Gumasta license, you can avail of all the benefits and tax subsidies from the Maharashtra State Government available for this scheme.
- It serves as proof of legal entity, which gives you the right to conduct business in Maharashtra State.
- Any business would require a business bank account to collect money from customers. Most banks demand the Gumasta license as proof of identity to open a business bank account.
For more information on this, visit TAXAJ
Posted by Aashima
Team TaxaJ
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