Importance of Gumasta License
If you are an owner of a shop and you do not have a shop registration then you should make it an important priority for yourself to get shop act license In the respective state that you live in India.
It will of your interest to know that if you get a shop registration then you can take advantage of many benefits that are given to the registered shops in India. In this article, we will primarily focus on listing the benefits or importance of shop registration.
Following are the aspects of the business that need to be regulated under Shop Act:
Opening and closing time of business.
Hours of Work.
Weekly off-days and leave policy for employees.
Payment of wages for holidays.
Business premises cleanliness and other factors such as ventilation etc.
Breaks for meals or taking rest.
Precautions and provisions for any accidents.
Maintenance of records.
A policy of dismissal of employees.
Payment Time of wages as well as other conditions.
Provisions against employing children.
Advantages of Applying for Gumasta License
Listed below are some of the benefits which small business can attain by registering for Gumasta license:
Once you register for Gumasta license, you can avail for all the benefits and tax subsidies from the Maharashtra State Government available for this scheme.
It serves as a proof of legal entity which gives you the right to conduct business in the Maharashtra State.
Any business would require a business bank account to collect money from customers. Most banks demand the Gumasta license as proof of identity to open a business bank account.