The First Auditor offers a trade licence registration service in Chennai, Tamil Nadu. The greatest trade licence advisors in Chennai, Tamil Nadu, are us. In the following cities: Coimbatore, Madurai, Tirupur, Trichy, Thanjavur, Dindigul, Erode, Salem, Namakkal, Karur, Hosur, Tuticorin, Krishnagiri, Cuddalore, Kanyakumari, Pondicherry. We provide affordable trade licence registration. We provide the service at a lower cost and more efficiently than our rivals.
Trade License Overview
- A trade licence is a permit or licence that the municipal corporation issues to allow the carrying on of a specific trade at a specific address.
- Currently, a trading licence is required. The main benefit is that it shields you from punishment. In India, it is illegal to conduct business without obtaining a trade licence.
- Additionally, it demonstrates that there is no unlawful activity taking place in your business. The Shop and Establishment Act governs all aspects of business operations, including working conditions, employee benefits, and more.
Benefits of Trade License
The following list of documents is needed for GST registration for different types of businesses:
PAN Card with evidence of ownership address
- Legal Entity: A business must possess a trade licence in order to be regarded as a legal entity.
- As stated by the municipal body where the business is located, which manages rules and regulations.
- Having a trade license allows a company to operate in a commercial space without worrying about being forced to close. This demonstrates the businesses and the entrepreneur's confidence and competence.
Documents required for Trade License
When applying for a trade license, one needs the following documents for verification;
- Form 353 duly filled
- A letter of consent from the owner or neighbor of business property.
- The city survey map of the business property.
- Tax receipts
- A blueprint of the premises, in case, if the business deals with explosives, timber, and dangerous goods.
- Other documents that the Municipal Ward Officer may inquire, at the time of registration.
- Trade License renewals take happen in India every year between January 1 and March 1. A person should bring the following paperwork when seeking for verification:
- The initial business permit
- All tax receipts that reflect payments that are current
- Challans for unpaid amounts
What are the Documents required to renew a Trade License?
Process
Trade License
To obtain a trade licence, complete the proper paperwork as required by the municipality.
Authority
Send the properly filled-out form and the necessary paperwork to the municipal authority.
Verification
After properly verifying the provided paperwork and the application, concerned personnel will issue trade licences to the applicant.
Checklist & Procedure
- Who May Apply for a Trade License? Checklist
- There are specific groups of people who are not eligible to apply for trade licences.
- Minors: Those under the age of 18.
- Criminal History: An individual with a criminal history is ineligible to apply for a trade licence.
FAQ
What is a Trade License Application?
State-specific laws govern how to submit a trade licence application. As a result, it differs from state to state. In some states, obtaining a trade licence is required. Some states, on the other hand, have given businesses the opportunity to opt out.
How can an individual obtain his Trade License?
By submitting an application to the relevant Municipal Corporation, one may obtain a trade licence. Within thirty days of starting the business, the application form must be submitted.
Who is eligible to apply for a Trade License?
The following are the requirements for being eligible to apply for a trade licence:
The applicant in question must be at least 18 years old.
The applicant must be free of any criminal histories.
The business in question must be legitimate.
What is the use of a Trade License?
A trade licence is required to conduct business activities for industrial businesses, restaurants, and neighbourhood stores.
Why is there a need to obtain a Trade License?
A trade licence is necessary to ensure that no negative consequences or harm are brought about while conducting business in a certain location.
When can a Trade License be liable to be revoked?
If a trader has broken or infringed on the rules outlined by the MCD Act, the Municipal Corporation has the authority to withdraw their trade licence.
What does the KMC Trade License mean?
The Kolkata Municipal Corporation Trade License is referred to as a KMC Trade Licence.
What does the BBMP Trade License mean?
The Bruhat Bengaluru Mahanagara Palike Trade License is referred to as a BBMP Trade License.
Is it Mandatory to get the Trade License Renewed?
It's true that the government has made obtaining the licence renewed a mandatory. Failure to do so will result in a fee or a penalty.
What if the application for Trade License gets rejected?
The applicant may submit a request to the Standing Committee and a copy of his refusal letter if, for whatever reason, he has been denied a Trade License.