A trade license is a document or certificate that permits the applicant to start a particular trade or business in a particular area/location. Furthermore, this license does not pass on any sort of property ownership to the holder of the license.
The municipal authority of the particular state is the accountable body for the issuance of the trade license.
Every trader involved in a general trading activity within the national limits of any municipal corporation is needed to get a trade license. The class of trade license varies from state to state and is based on the nature of the business.
• Fill the enquiry form on Tax Portal
• One of our experts will call you very soon.
• They will understand about business and the requirement for obtaining the trade license.
• We will make the required documents and send it to you for review.
• If there’s any change, we will make it and send it to the concerned department along with the application form for the trade license.
• Once the department is fulfilled with the document verification, it will issue the Trade License.
The process to obtain Trade licence are:
1. Application in Form 353 or 354, depends on the case.
2. If the applicant is a person, his/her Aadhaar Card is necessary.
3. If the applicant is any Company, LLP, Firm, etc, the PAN Card and incorporation certificate or document.
4. Latest Tax Payment Receipt.
5. Consent letter or Lease documents from the Owner of the property.
The documents required for Trade License are:
• Lease documents/agreement in case of premises are on lease
• Occupation certificate
• ID proof of applicant (for individual it is Aadhaar card and for company, it is PAN card & certificate of incorporation)
• Registration certificate from concerned authority
It typically takes 8 days. In case, documents are incomplete and erroneous, it may take more time
If the license is denied by the commission, then you may appeal to standing committee by delivering the denied letter.
According to the Act, running an unapproved Trade is an offense. The concerned authorities may seize or lock your Trade business with or without prior intimation.
Fill the Renewal Form. Pay the renewal charges with half fine.