As the license for establishing any form of shop and establishment is governed by the Maharashtra council, an applicant requires the Gumasta License/shop and establishment registration to carry out any work coming under the purview of the establishment registered under this act. There are different benefits of taking a Gumasta license in Maharashtra:
Tax and Subsidies
> Once this license is taken out the applicant can avail of different forms of tax and subsidies that are offered by the government of Maharashtra. Such tax and subsidies would only be available to the applicant after securing the Gumasta License.
Proof
> Once the applicant takes out the Gumasta License in Maharashtra, the applicant can start the operations of the business. This not only serves the purpose of a license but also acts as proof for carrying out business operations.
Compliance with Law
> Any business requiring registration under the respective Shops and Establishments Act would have to comply with the requirement of taking a Gumasta License/Shop Act registration in Maharashtra.
Bank Account
> Once this license is taken out, the applicant can easily open a bank account. One of the main reasons for securing this form of license is that many businesses carry out transactions and require a bank account. Banks require the applicant to have this form of license to open a bank account for the business.
Cancellation of Gumasta Certificate/License
> If an applicant or existing certificate holder wants to cancel the license, he/she shall
> Submit a notice that should contain his/her statement, as he/she wants to cancel license or registration.
> Secondly, if the employer fails to submit his/her statement along with documents within 10 days from the date of receipt of the notice, his/her registration may get canceled
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