Shop Act Licence/Professional Tax Registration
Shop Act Licence/Professional Tax Registration
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OVERVIEW
Gumastadhara license is a legal license provided by Municipal Corporation of Gujarat under Gujarat Shops and Establishment Act.Previously called the Bombay Shops and Establishment Act, itauthorises you to conduct your business at a shop or another business location. The license is compulsory if you are a small trading business or a service provider.
Having a Gumasta means you can grow your business with ease.It is mandatory to have a Gumasta if you want to open a current account or take a bank loan. In Maharashtra, it is also mandatory to have this license in order to get GST registration done.
Similarly, Professional Tax applies to professions and trades in India. It is a state-level tax that every staff member and employee in a private company has to pay. It is the responsibility of the business owner to deduct professional tax from the salaries of his employees and pay the requisite amount to the appropriate government department.
Online Professional Tax Registration is done by Municipal Corporations in some states. People who practice professions such as CA (Chartered Accountant), lawyers, doctors, corporate, etc. need to bear these taxes. It is the responsibility of the business owner to deduct professional tax from the salaries of his employees and pay the requisite amount to the appropriate government department.
What are the documents that are required to obtain a 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 |