What is a Trade Licence?
Trade licenses are documents/certificates that permit a person to operate in a particular area/location for a particular trade or business. Within 30 days of starting your business, you must submit the application.
Trade License Required Documents
To obtain a Trade License, you will need the following documents:
- The prescribed application form must be filled out
- For firms, limited liability companies, and companies, the PAN card must be attached to the incorporation certificate.
- Aadhaar Cards are mandatory for individual applicants.
- A receipt for the latest payment of municipal property taxes.
- Documents showing the lease or consent of the owner.
- A letter of consent from your immediate neighbor
- It shows the layout of your trade building and the areas for business, working, cleaning, resting, and washing
- Katha extracts
- Documentation of Katha
- Plans for sanctions
- Certificate of occupancy (OC)
How to obtain a trade license
Obtaining a trade license is as simple as following these steps
- Go to the website of the municipality you are interested in
Licensing applications can be filed with the municipal corporation. To access citizen services, select ‘Citizen Services’ in the website menu. - Sign up
Following that, the applicant must click on ‘Apply for Online Licenses’, where they can register and provide their details, such as their name, e-mail address, and mobile number. User IDs and passwords are generated by the system after the applicant submits their details. - Login and Fill Form
To apply for a new license, log in with your ID and password. It is important to fill in all the information in the form. These details include your business type, your NOC, and the details of your proper tax. - Submit form and Upload Documents
You must attach the required documents once the form has been filled out and the ‘submit’ button has been clicked. Afterward, Urban Local Bodies officials verify the application and documents. - Unique Application Number
It will automatically generate a Unique Application Number once the application is verified. - Payment of Fees
A payment window will appear. Click on ‘Make a payment’ to pay the prescribed fees. Payments for trade licenses can be made online in a variety of ways. - Issue of License number
License numbers are issued after the fee is paid.
Trade License Payment
Depending on the state, there are different fees for obtaining an online trade license. Thus, it is governed by the state’s laws and regulations.
Depending on the state, you may have to pay an annual fee. The percentage of a business’s annual turnover is used in other states.
Renewal of a trade licenseĀ
Trade licenses are typically renewed between January 1st and March 31st in India. Municipal licenses are valid for one year and must be renewed annually.
It is necessary to apply for a renewal of the trade license within thirty days of its expiration date. Depending on the rules and regulations of the issuing authority, a delay in the renewal process may attract a fine.
Renewal of a license requires the following documents:
- The original trade license;
- Challans from previous years;
- Property tax receipts that are up to date.
Read more,
- List of license required to start a Ecommerce business
- Renewal of Trade License 2022 in West Bengal
- Dubai Trade License Renewal