Trade License – Taxcom Technologies

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Trade License

Trade License Registration

A trade license is a document or certificate that allows the applicant to commence a particular trade or business in a specific area or location. The holder of the trade license cannot use it for any other work or business.

A business within a state, corporation, or municipality will require trade license registration from the concerned central or state government to commence with any business in a particular area or location. To obtain registration, the applicant must first understand the jurisdiction under which they are operating the business and the applicable Act.

The trade registration application must be made within 30 days of starting to commence a business. Trade license is usually issued within 7-15 days on the submission of the application. The application for grant or renewal of the license will be made to the commissioner in the corporation in the case of most of the states.

Eligibility for a Trade license

The applicant must have crossed 18 years.
The applicant should not have any criminal record.
The type of business must be legally permissible.

Documents required for obtaining Trade license registration

Application in the prescribed form
PAN Card along with the incorporation certificate if the applicant is any firm, LLP, or company.
Aadhar is mandatory in the case of an individual applicant.
Latest Municipality property tax payment receipt
Lease documents or consent letters from the owner of the property.
NOC from an immediate neighbor
A certified layout plan of your trade building showing the business
Katha extracts
Katha Certificate
Sanction plan
Occupancy certificate

Who issues the Trade License?

The trade license is issued by the various departments of the municipal corporations like industries, engineering, health, etc.The government of India authorizes the licenses in a manner to regulate in cities across the country. The license issuance differs from state to state depending on the local government agencies (Municipals) rules and regulations.

Trade License

Price : ₹399.00/-

F.A.Q.

Is there a specific renewal period for the Trade License?

Yes, Trade Licenses usually require periodic renewal. The renewal period varies, and businesses must ensure timely renewal to avoid penalties.

Can I transfer a Trade License to a new owner?

In most cases, Trade Licenses are non-transferable. A new owner typically needs to apply for a fresh license.

What happens if I operate without a Trade License?

Operating without a Trade License can lead to legal consequences, including fines, closure of the business, or other regulatory actions.

Can a business operate in multiple locations with a single Trade License?

Generally, a separate license may be required for each location. However, some regions may allow a consolidated license for businesses with multiple branches.

What are the consequences of non-compliance with Trade License regulations?

Non-compliance may lead to penalties, fines, or legal actions. It’s crucial for businesses to adhere to local regulations to maintain a valid and active Trade License.

Can a business operate without a physical storefront and still require a Trade License?

Some jurisdictions may require a Trade License for businesses without a physical storefront, especially if they provide services or have an operational base in the area.

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