A business premise is required to obtain a trade license from the concerned state government authorities or the municipal corporation for operating. Trade license is also known as Shop and Establishment registration. Trade license registration in Karnataka is particularly known as Gumasta License.
Rules and regulations of this trade license registration vary from one state to another i.e., the rules for Trade license registration in Karnataka will differ from Trade license registration in Tamil Nadu. So, while getting a trade license the applicant must first understand the jurisdiction and the applicable act on that jurisdiction.
For obtaining a Trade license registration in Karnataka an application is to be made within 30 days of incorporating a business. The application of renewing the license or granting the license is made to the commissioner of the corporation in most of the states.