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GUMASTA LICENSE (SHOP ACT)
Gumasta license or Shops and Establishment Act license is required for commercial establishments operating in India. Any citizen who wishes to open a new shop or a commercial establishment has to register under Shop and Establishment Act. It is covered under state legislation and each state has framed its own rules and regulations for the same.
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BENEFITS OF SHOP ACT LICENSE
1. Establish current account - The shop and establishment license along with a certificate from Chartered Accountant can help an individual to open the current account with the bank.
2. Smooth inspector visits - State government and local municipality conduct regular inspection visits for checking the proper working of shops and establishments along with license as well. If you have the Shop Act license, then you can quickly get over the inspections every time.
3. No Compliance: Shop and establishment do not require any compliance after registration. So, there will be only a one-time cost.
Gumasta License Registration in Maharashtra
Under the Maharashtra Shops and Establishment Act, Gumasta license must be obtained by all employers having 10 or more employees. On submission of the application, the concerned officer will register the establishment in the register of establishments and issue a registration certificate along with the Labour Identification Number (LIN).
Gumasta license is normally valid for a period of 1 year and could be granted for a period of up to 10 years. Once, a registration is obtained, a renewal application can be submitted each year at least thirty days before the date of expiry of the registration certificate for renewal of license.
Shop Act Contact
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