Every business located under any municipal territory is obligated to acquire a Trade License to carry out its trading activities in that location.
Digital Filings can help you in…:
Comprehending your license needs as per your business
Accumulating required information / documents
Applying for the License
Attaining Trading License within 15 working days
Renewal assistance of existing Trading License.
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Understanding Trade License Registration
A Trade License is a permission letter from the local Municipality or Corporation to carry out specified business activity in a particular locality. The rules and regulations for acquiring a Trade License differ from state to state and in order to smoothly conduct business one must operate as per guidelines suggested by the respective states.
An individual can file a petition for three types of Trade license as per their nature of the business.
- First one covers the shopkeepers willing to operate a retail business from a shop.
- The second category is for industrialists managing small or medium-sized industries.
- And the third one is applicable to food joints such as Hotels, Restaurants, Cafes, Bakeries, and others.
In most regions, the Trade License is approved by the commissioner of the relevant state authority after a thorough inspection. The authority examines the type of business for which the application has been filed and ensures that the entity would not be a cause of danger or inconvenience to the locality. It is suggested that an entity applies for the License at least before 30 days of inception of business activities.
Any unauthorized operation of trade / business is an serious offence which may result in a penalty and subsequent prosecution.
Key-Elements of Trade License
Varied Application Process
As each state has its own guidelines, so tenure of License also differs, however, in majority of states the validity is one year and so license can be renewed accordingly.
Trade License has varied titles across the states of India. For instance, Trade license is known as Gumasta License in the state of Maharashtra.
To ensure social security and stability, State Governments have suppressed individuals below age 18 years and people with criminal records from applying for Trade License.
Most of the state authorities call the concerned business trader in office for a face-to-face inspection, however, it also matters from state to state.
Varied Application Process
A Trade license is filed at Municipality or Corporation of the respective state. As the application procedure varies in different states, individuals are suggested to go through guidelines before initiating the application process.
Required Documentation Chart
Fresh Trade License Application
- Form No. 353 filled with appropriateness
- City survey map of property
- Receipts of paid Tax
- Premises Proof of the establishment – any of these Sale Deed, Utility Bills (electricity / water / gas)
- Establishment’s Front-Facia Photograph with items Displayed to be traded from the premises
- Written consent (No Objection Certificate / NoC) from owner or neighbor to conduct business on the property
- Site Plan Showing the area under the occupation of the applicant earmarking the neighborhood of the site
- Blueprint of premises (Business dealing in explosive or dangerous goods)
- PAN Card, ID Proof, and Address Proof, along with Colour Photograph of all Owener/Directors/ Partners (as the case may be)
- Establishment’s PAN Card (in case of Company, Limited Liability Partnership / LLP, or Partnership Firm).
- Establishment’s Canceled Cheque and Bank Statement
- Certificate of Incorporation, Memorandum and Article of Association (in case of Company) and Partnership Agreement (for LLP/ Partnership Firm)
Renewal Request for Trade License
- Existing Trading License
- Receipts of paid Tax
- Past Payments Challans
We are Glad to Help!
Trade License provision is laid down by State Governments to monitor and regulate the trade activities happening in a particular vicinity. Trade License is duly issued by the municipal corporation of the place where business is operational.
Trained Experts @ Digital Filings can effectively assist you obtaining Trade Licence for your trading venture, so that you can focus on business critical matters.
What People Frequently Ask…
Is Trade License to be renewed every year?
Yes, as per government guidelines you must renew your Trade License every year in order to avoid penalties and enjoy smooth trading activities. Application for renewal, however, must be filed at least 30 days before expiry of trade license.
What is to be done in case Trade License application is rejected?
In case your application for Trade License is rejected, you can file a petition to the Standing Committee (Health) along with your rejection letter.
- Trade license registration for one business.
- (Above price includes all taxes and relevant government fees.)
- Trade license and trademark registration for one business. (Above price includes all taxes and relevant government fees.)
- Trade license and LLP registration for one business. (Above price includes all taxes and relevant government fees.)
How we Do It…
A business cannot sustain in absence of a Trade License and thus, it is mandatory for business entities to apply for it. Partners at Digital Filings can help you in acquiring the Trading License within 10 to 15 business days.
First Understand then Arrange
Digital Fillings representative will first try to assess the licensing requirement for your business. Post which he will gather all the necessary information and documents required in the application process. In order to avoid any delay, we will organize documents as prescribed in the Trade Licensing guidelines.
Furnished, now Apply
After efficiently organizing the relevant files, Digital Filings representative will move forward to present the arranged documents to the concerned authority to initiate the examination process. Some states authority demand the concerned individual to come in-person for inspection, which would be duly conveyed by our team.
Here, you are All Set!
Post a complete and satisfactory inspection, the concerned authority shall approve the application which will be delivered to you by our team and after acquiring Trading License you will be all set to take further your business proceedings.
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