What is a Gumasta License?
- Nitin Sharma
- Dec 20, 2024
- 1 min read
A Gumasta License is a mandatory registration required for doing business in Maharashtra, issued under the Shop and Establishment Act. It serves as legal proof of your business's existence and ensures compliance with local laws and regulations.
Why is a Gumasta License Important?
✔️ Avoid Penalties: Operating without this license can lead to hefty fines and legal issues.
✔️ Business Bank Account: Essential for opening a current account in the name of your business.
✔️ Ease in Government Registrations: Simplifies processes like GST registration, MSME registration, and more.
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