How to Obtain Gumasta License in Maharashtra for Your Business

Last Updated at: April 01, 2020
296
How to obtain Gumasta license in Maharashtra

If you wish to start or run any business in Maharashtra, you will require a special license to do so. Anyone who’s had a business or trading centre in the state of Maharashtra is aware of the Gumasta License. The Gumasta License helps in officially registering a trading entity under the state law. The license comes under the Maharashtra Shops and Establishment Act, and the Mumbai Municipal Corporation helps in issuing them. In case, you are planning on beginning such a venture in Maharashtra, here’s a look at how to obtain the Gumasta License in Maharashtra and why you need to do so.

  1. What is a Gumasta License?

  2. Why You Need the Gumasta License in Maharashtra 

  3. Documents Required to Obtain Gumasta License in Maharashtra 

  4. Advantages of having a Gumasta License

  5. Things to Know About the Gumasta License

  6. How to Register for a Gumasta License

 

What is a Gumasta License?

Gumasta License serves as a registration that permits individuals and groups to do business in Maharashtra. It works as per the instructions of the Mumbai Municipal Corporation and functions as per the laws of the Maharashtra Shops and Establishment Act. This certificate gives individuals and groups the authority to conduct and practice their business at a particular place in Maharashtra. It is a mandatory registration that allows businesses to apply for loans and other benefits.

Why You Need the Gumasta License in Maharashtra?

The Gumasta License is a mandatory legal document if you wish to practice trade in the state of Maharashtra. Therefore, procuring this license is mandatory if you wish to start a commercial entity, which both the government and any bank in Maharashtra recognizes. The license serves as proof that the business, whether it is run by a person or a group, is a legal entity. Therefore, the Gumasta License is important if an entity wishes to open a bank account or apply for a loan. Furthermore, it is essential if the company wishes to register itself under the new GST regime.

Documents Required to Obtain Gumasta License in Maharashtra

  • For sole proprietorship

  1. Aadhaar card
  2. PAN card
  3. Passport-size photograph
  4. Proof of address
  5. Application letter 
  6. Business authorization letter
  7. Proof of ownership regarding the property wherein the establishment functions
  • For a partnership firm

  1. Partnership deed
  2. Partnership firm’s plan 
  3. ID and address proof of all the partners
  • For Private companies

  1. Memorandum of Association
  2. Articles of association
  3. Certificate of incorporation
  4. Proof of identity and address of the Director
  • For Charitable trusts

  1. Trustee name 
  2. Authorization certificate.
  • For Cooperative societies

  1. Registration copy
  2. Certificate of authorization
  • For Banks 

  1. Permission letter issued by the Reserve Bank of India 

Get free legal advice now

Advantages of Having a Gumasta License

  1. Avail benefits awarded by the State Government
  2. Be eligible for tax subsidies from the Maharashtra Government 
  3. Functions as proof of the legal entity 
  4. Serves as proof of identity when opening business bank accounts.
  5. Makes your business more credible and trustworthy

Things to Know About Gumasta License

  • The entire process of obtaining the license can take anywhere between 12 to 14 working days.
  • Usually, the Gumasta License is valid for one year, but it can extend up to 10 years if renewed efficiently. 
  • At the time of closing, the owner must make sure he or she cancels the license.

How to Register for Gumasta License

  1. The process of registering for a Gumasta License occurs online, via the Mumbai Municipal Corporation’s official website. 
  2. From the website’s home page, go to the Shops and Establishment section.
  3. From the drop-down menu, choose the Gumasta License application form.
  4. Fill in the details required and upload the supporting documents.
  5. Finally, pay the processing fees for the same, using any of the available payment methods
  6. Once you submit the form, you will receive a challan number for the fees paid.
  7. Furthermore, a Unique Transaction number or UTN will also appear.
  8. Note this number down for future references.
  9. Download the form and physically submit it to the Chief Inspector of the Shop License Department along with the other documents for verification.
  10. Once the verification is over, an officer will visit the shop as a part of the physical verification.
  11. After this, on successful completion, the user will receive the Gumasta License.
  12. Status of your application can be tracked online using the UTN number

 

0

How to Obtain Gumasta License in Maharashtra for Your Business

296

If you wish to start or run any business in Maharashtra, you will require a special license to do so. Anyone who’s had a business or trading centre in the state of Maharashtra is aware of the Gumasta License. The Gumasta License helps in officially registering a trading entity under the state law. The license comes under the Maharashtra Shops and Establishment Act, and the Mumbai Municipal Corporation helps in issuing them. In case, you are planning on beginning such a venture in Maharashtra, here’s a look at how to obtain the Gumasta License in Maharashtra and why you need to do so.

  1. What is a Gumasta License?

  2. Why You Need the Gumasta License in Maharashtra 

  3. Documents Required to Obtain Gumasta License in Maharashtra 

  4. Advantages of having a Gumasta License

  5. Things to Know About the Gumasta License

  6. How to Register for a Gumasta License

 

What is a Gumasta License?

Gumasta License serves as a registration that permits individuals and groups to do business in Maharashtra. It works as per the instructions of the Mumbai Municipal Corporation and functions as per the laws of the Maharashtra Shops and Establishment Act. This certificate gives individuals and groups the authority to conduct and practice their business at a particular place in Maharashtra. It is a mandatory registration that allows businesses to apply for loans and other benefits.

Why You Need the Gumasta License in Maharashtra?

The Gumasta License is a mandatory legal document if you wish to practice trade in the state of Maharashtra. Therefore, procuring this license is mandatory if you wish to start a commercial entity, which both the government and any bank in Maharashtra recognizes. The license serves as proof that the business, whether it is run by a person or a group, is a legal entity. Therefore, the Gumasta License is important if an entity wishes to open a bank account or apply for a loan. Furthermore, it is essential if the company wishes to register itself under the new GST regime.

Documents Required to Obtain Gumasta License in Maharashtra

  • For sole proprietorship

  1. Aadhaar card
  2. PAN card
  3. Passport-size photograph
  4. Proof of address
  5. Application letter 
  6. Business authorization letter
  7. Proof of ownership regarding the property wherein the establishment functions
  • For a partnership firm

  1. Partnership deed
  2. Partnership firm’s plan 
  3. ID and address proof of all the partners
  • For Private companies

  1. Memorandum of Association
  2. Articles of association
  3. Certificate of incorporation
  4. Proof of identity and address of the Director
  • For Charitable trusts

  1. Trustee name 
  2. Authorization certificate.
  • For Cooperative societies

  1. Registration copy
  2. Certificate of authorization
  • For Banks 

  1. Permission letter issued by the Reserve Bank of India 

Get free legal advice now

Advantages of Having a Gumasta License

  1. Avail benefits awarded by the State Government
  2. Be eligible for tax subsidies from the Maharashtra Government 
  3. Functions as proof of the legal entity 
  4. Serves as proof of identity when opening business bank accounts.
  5. Makes your business more credible and trustworthy

Things to Know About Gumasta License

  • The entire process of obtaining the license can take anywhere between 12 to 14 working days.
  • Usually, the Gumasta License is valid for one year, but it can extend up to 10 years if renewed efficiently. 
  • At the time of closing, the owner must make sure he or she cancels the license.

How to Register for Gumasta License

  1. The process of registering for a Gumasta License occurs online, via the Mumbai Municipal Corporation’s official website. 
  2. From the website’s home page, go to the Shops and Establishment section.
  3. From the drop-down menu, choose the Gumasta License application form.
  4. Fill in the details required and upload the supporting documents.
  5. Finally, pay the processing fees for the same, using any of the available payment methods
  6. Once you submit the form, you will receive a challan number for the fees paid.
  7. Furthermore, a Unique Transaction number or UTN will also appear.
  8. Note this number down for future references.
  9. Download the form and physically submit it to the Chief Inspector of the Shop License Department along with the other documents for verification.
  10. Once the verification is over, an officer will visit the shop as a part of the physical verification.
  11. After this, on successful completion, the user will receive the Gumasta License.
  12. Status of your application can be tracked online using the UTN number

 

0

FAQs

No FAQs found

Add a Question


No Record Found
SHARE
Senior Executive - Content in Vakilsearch | Former TEDxSKCET Licensee | Content Marketing | Psychology | Engineering (IT) | Google Developers Group (GDG) co-organizer | WTM Ambassador