Why is a Trade License Registration needed?

A trade license is a certificate that permits the applicant to commence any trade or a business in a particular area or locality.
A trade license ensures that the business is carried out by following all the safety standards as they are issued by the State Municipal Corporation. It also protects the residents from being affected by any health hazards.
The license holder cannot carry any other business or trade than it is issued for. The license here is not passing any kind of property ownership to the license holder.

Things to be kept in mind while getting a Trade license registration

The following guidelines must be followed while registering for a trade license.

Gumasta License
In Maharashtra, a trade license is also known as a gumasta license, however it is known by other names in other regions of the nation.
Application
A request must be made to the relevant authorities—the state government or the municipal corporation—to obtain a trade license registration. The entire procedure can vary from one state to another.
VERIFICATION
In some stated the trade license is issued to the person only after the verification from the concerned authorities.
Processing time
The trade license registration process takes 10 to 15 days; once approved, the trade license registration can be obtained online.
Validity
The registration for a trade license is valid for one year and can be renewed after that time.