Gumasta License is a mandatory registration required for doing any kind of 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 business needs to obtain the license under the Shops and Establishment Act of that respective state.
Each state has its own 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 in which he carries on business.
Gumasta License is a registration required for doing any kind of business in the state of Maharashtra. It is governed by the Municipal Corporation of Mumbai under the Maharashtra Shops and Establishment Act. This is a certificate which provides you the authority to do your business at a particular place. This license is a basic requirement for any business to be recognized by Government or Bank for all business irrespective of whether it is done by a single person or big organization.
Obtaining Gumasta ensures your business can be developed without many complications and it is very important for opening a current account or obtaining any loan from the bank. Some time, Without this license in the Maharashtra and in some other State, obtaining GST registration is not possible.
Documents Required to obtain a Gumasta License/ Shop and Establishment Registration -
Listed below are the documents required for the registration, apart from the general documents there are certain specific documents required to be submitted for Partnership and Company which are separately mentioned below:
| 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
Listed below are some of the benefits which small business can attain by registering for Gumasta license:
- Once you register for Gumasta license, you can avail for all the benefits and tax subsidies from the Maharashtra State Government available for this scheme.
- It serves as a proof of legal entity which gives you the right to conduct business in the 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.
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