Gumasta Licence Registration Procedure and Benefits
So, are you planning to set up your business in Maharashtra? Yes? Then, let me tell you that you will require Gumasta License for establishing your store/company anywhere in the state, and it's mandatory to obtain. Otherwise, you won't be able to operate the business in Maharashtra.
You might be little confused about the license, so let's clear your doubts. In this blog, we are going to discuss various aspects of the license as follows:
- What is meant by Gumasta License?
- Gumasta License Online Registration Procedure
- Benefits covered under Gumasta License
- The validity of the Gumasta License
What is meant by Gumasta License?
Gumasta License is a legal permit of operating business in Maharashtra. Under the Maharashtra Shops and Establishment Act, all employers having 10 or more employees are required to obtain the license. Once the applicant has submitted the application, the concerned officer will register the establishment and issue the registration certificate along with the Labour Identification Number (LIN).
Gumasta License Online Registration Procedure
Whether you're seeking Gumasta license online registration Navi Mumbai or wherever in Maharashtra, all you need to do is to follow these simple steps:
Step1: Apply for registration through the MCGM official website.
Step2: Fill the form under Shops and Establishment section and submit it.
Step3: After you have submitted the form, a challan will be generated. You need to submit the challan with the required fee so that you can get the UTN number.
Step4: Get a print out of the form and with all the required documents submit it to the Shop License Dept. of Municipal Corporation.
Step5: The officer will verify the documents and provide the Shop License.
Step6: If required, the officer may visit the site where the shop and establishment is located.
The application is supposed to be submitted to the Area Inspector within 30 days of starting the business.
Benefits covered under Gumasta License
Now that you have known the process of obtaining Gumasta registration, you would probably be thinking about how it can benefit the license holder. Well, hold on. Below we have enlisted a few benefits of getting the license:
Tax subsidies
Once you have registered for Gumasta, you are eligible for availing various benefits and tax subsidies from the Maharashtra State Government available for this scheme.
Legal entity
Gumasta license serves as evidence of the legal entity which gives you the right to conduct business in the state, Maharashtra.
Helps in Business Bank Account opening
Whatever business you're running, you will always need a business bank account to collect money from customers. Also, most of the banks look for Gumasta License as proof of the identity to open a business bank account.
Therefore, as soon as you plan to set up a business in Mumbai or anywhere in Maharashtra, you are advised to apply for Gumasta License as early as possible.
The validity of the Gumasta license
The license remains valid for the period of 1 year and could be up to 10 years. However, you can apply for license renewal every year 30 days before the date of expiry of the registration certificate. You are only required to submit an application for the same.
The Penalty for Violation of the Act
People or company or any entity contravening the provisions of this Act shall be punishable with the following:
Fine of Rs. 1 lakh which may exceed to Rs. 2000 every day in the case anybody continues the violation;
Fine of Rs. 2 lakhs in the case the person is convicted of any offense punishable under sub-section (1).
Final words
Therefore, if you have understood the benefits and necessity of obtaining the Gumasta License, then without any second thought, contact Enterslice. We are one of the leading consultants in India providing Gumasta License, company registration in India, financial services, etc. to our clients. click here to know more about it.
