What is Shop & Establishment License?

It is the License issued when you register your business entity with labour Department to notify your business entity providing details on No. of Employees, working days, office timing & holidays details. This is a mandatory compliance if you are employing more then 10 employees.

Is there any benefit of registration for Shop and Establishment Licence ( Gumasta)?

Actually it is a mandatory compliance and not done to seek any government benefit, However, it can be used as a business registration proof and can be submitted to the bank to open your current Accounts. Especially if you don’t have taken any other Business registration.

Do you Provide this services for all over India?

No, currently we are offering it only for Navi Mumbai and Panvel area, which will be extended to other areas as well in short time.

I am a Individual and want to start my own proprietorship firm, When I approached to bank to open my current A/c they are asking for business registration proof. What proof I can submit to open current account in Bank?

You can first take Gumasta or Shop and Establishment licensee, Which can be used to open a current account. In addition to it you need to provide another business proof, As at least two business proof are required to open a current Account. You can contact any Chartered Accountant to get a CA Certificate which can work as second proof of business.

Is Gumasta or Shop and Establishment licence is mandatory? What if I don’t take?

Yes, it is mandatory for most of the business concerns, however, certain professional services are exempted from it, yes it is mandatory for most of the business concerns, however, certain professional services are exempted from it, such as doctors clinic, Chartered Accountant office and lawyers office. In case you don’t take Gumasta Licence you can be penalized by labor officers and believe us it will be heavy. Hence advisable to take experts advice on it.

What is Gumasta Intimation?

As per recent changes in Gumasta license provisions, if a business entity has less then 10 employees, then there will be Gumasta intimation will be issued immediately to facilitate ease of doing business, The intimation will be considered valid for all Gumasta license or shop licence related compliances.

Is Gumasta intimation valid for bank A/c ?

Most banks are accepting it as a business proof for bank account opening, however, some banks are not accepting it. Please confirm with your bank first before applying Gumasta intimation with us.

Is AKT Associates a registered Gumasta agent or agent for shop license?

AKT Associates is world’s first WhatsApp based tax compliance firm, We do lots of other registration, including work an agent for Gumasta license or shop license. There is no requirement to register as Gumasta agent.