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It is a license or permission which is issued by the municipal corporation granting permission to carry on a particular trade on a particular address. If anybody wants to start a business of his/her own and have no idea to establish the business and what approval requirements, revert back to GSB Taxation. First, you have to look whether you want to deal in goods or services and then you have to detect your business place. After the clarification of mentioned points, your to-do list will receive a trade license. It (Trade License) ensures adherence to relevant rules, standard and safety strategies that are usual in the land.
A trade license is a document, certificate or permit which allow individuals or companies to conduct businesses or carryout operations in the territory which comes under the Indian National Government. It is a certificate which allows the holder to conduct business in the field specified and on the premises on which the jurisdiction of the Indian government extends.
Trade licenses are important for starting any business. There is multiple amount of trade licenses present and issued nowadays. They help to get your business registered and give authenticity to it. Because registration of business increases goodwill of the business. One of the most important things for the business is to build its reputation and brand name in the market.
This can be done by getting a trade license for the market. This helps to gain the market power and capture the market. Consumers today respond to brand and other symbols. They get to know a product through its brand name and not through the name of the company. Hence, the company must focus on getting a trade license because it will help them to build a brand a name for their products. Thus, this will help to capture the market power and will help to develop the brand name and a targeted consumer base for the company, firm or the organization.
This trade license should not be confused with the Licensing Raj that existed in India. Trade licensing refers to the registration of businesses, it does not involve any tight scrutiny, hard rules and regulations to comply with. We see that even though the terms are similar, consequently they mean completely different things. Even though, the term sounds similar, they have different characteristics, attributes and what not. The trade license was introduced to get the businesses registered so that the government has the proper database of all the businesses which are up and running. Moreover, a proper database is required to get have the proper taxation being implemented in the economy. Hence, we see that apart from benefitting the consumers and sellers, it also benefits the Indian National government too in various aspects.
All businessmen are planning to start their business operation will be required to get the trade license within 15 days of the beginning of any actions. The actions consist of producer, give-and-take or even storage of any goods. In some states, it is compulsory to apply for the trade license within 3 months preceding to the commencement any business actions.
Usually, The Trade license is controlled in the state by the state governments with the help of municipal corporations of the locality. In some states, it is compulsory whereas it is optional in other states. The amount of trade license is arranged various from one state to another state. The collection of an amount is very different for a trade license. In some cities it is charged as the yearly fees, it is charged on the basis of measurement of business turnover. Some state has released assured departments from receiving a trade license.
In different states and cities, the government has prescribed certain lowest supplies for getting trade license. Some conditions are as below:
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What Makes Us Different From Others?
The licenses registered by us are 100% genuine and are issued by Government of India. However, we will provide you with all the validation, bills and receipts of each submission. Feel free to enquire!
We take full responsibility for our work and will issue you the licenses within the committed time period. Our team understand your problems and will provide full support in order to do the best for our valuable clients.
Don’t worry about the cost of submissions. We are here to provide you with the best at the best possible price. Need a discount? Contact our Sales team today!
GSB Taxation works at a National Level. We have a strong and dedicated team which works in all the 29 States of India.
Our consultancy provides more than 75 services which help in completing the entrepreneur dream of each individual.
We are here to help you! Our strong passionate team and connectivity lead in the completion of the most difficult registrations without any hustle.
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We at GSB Taxation believe in high quality and exceptional customer service but most importantly, we believe helping others should be the primary purpose of a good service agency. So, we strive to give the best services at the most affordable prices. We’ve come a long way, so we know exactly which direction to take when supplying you with high quality yet budget-friendly services. Whether it is a Private Limited Company Registration, LLP Registration, One Person Company Registration or an FSSAI License Registration, we got it covered. We know that it’s hard for a person to stand on its own. He/she have to think twice before taking any step. Therefore, GSB Taxation offers all of these and other major services with excellent and friendly support in order to do the best for you. We are here to help you in nourishing your business. Trust our dedicated team get ready to live your dreams with us.