Shop Act / Gumasta License
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What is Shop & Establishment Registration?
Shop and Establishment registration is a state-based registration for every business entity to register under local Government. Every entity established with the commercial purpose, including trading and service firms, restaurants, coffee house or hotels and also the place of public amusement must obtain this registration. Generally, the time limit provided for the registration is 30 days from the date of establishment.
The main purpose of such registration is to work as per the State laws and secure the benefit for the employees. The license would work as proof of commercial activities for many other registrations and is also helpful for opening a bank account
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Process of Shop licence online registration
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|Parameters||Importer Exporter Code||GST Registration||Professional Tax Registration||Shop & Establishments Registration||MSME Registration|
|Applicable To||All importers and exporters||Businesses exceeding prescribed threshold for turnover||Applicability defers based on State Act||Applicability defers based on State Act||All Micro, Small and Medium Enterprises|
|Any business entity undertaking import/export for business purpose from India||If turnover exceeds ₹ 20 Lakh or entity fall under specified category, registration is mandatory||A person earning income from salary or by practicing any profession has to pay the professional tax||All entities need to get registered under shop and establishments at the time of setting up their business||Applicability defers based on State Act|