Updated on December 17, 2024 01:25:48 PM
A business can legally commence commercial activities and carry out deals with other businesses with a General Trade License (GTL). A trade license in Punjab is issued by the Municipal Corporations and Municipal Councils of the state under the Section 122 of the Punjab Municipal Corporation Act, 1976 and Section 128 of the Punjab Municipal Act, 1911. Businesses looking to apply for a Trade License in Punjab can seek assistance from our team of experts at Professional Utilities. Our team aids the businesses to apply for and acquire a trade license in Punjab with convenience.
Trade Certificate [Sample]
A Trade License in Punjab allows them to conduct monetary operations or engage in businesses with other entities with consideration to the legal framework. The Trade License in Punjab permits businesses to legally sell or purchase or trade commodities and services. The Trade License in Punjab is to ensure that the businesses obey the specific guidelines laid down by the authority and law to assure trust and credibility for the consumers. Apart from a trade license in Punjab, the Municipal Corporations and Municipal Councils of the state provide licenses for different categories to the businesses. Entities are required to satisfy the set standards and regulations of the authorities to be granted a trade license in Punjab.
The Trade License in Punjab ensures that businesses comply with the laws and regulations laid down by the Municipal Corporations and Municipal Councils of the state. Some of the benefits that businesses with a trade license in Punjab benefit from are listed below.
Businesses with a desire to acquire a trade license in Punjab can fill out the application form on the official website of the authorities with all the mandatory and specified details for the trade license in Punjab.
Businesses may fill out their personal details in the application form.
The information about the trade’s premises, description and category is to be filled for a trade license in Punjab.
The businesses are required to provide details about property, unit area, address of unit and more.
The application form mandates information about establishment, type of constitution, and partner’s list.
Businesses may upload the required and specified documents as per the application form of general trade license.
The application fee of the general trade license is to be paid by the candidates.
Once the above listed steps are completed, candidates can download the trade license in Punjab through their dashboard.
The required documents that the businesses would need to submit to get a trade license in Punjab are listed below.
The table below displays the fee that is charged by the government for a trade license in Punjab and it is categorized as per the localities and size of the infrastructure which will be premised for trades.
| Category of the localities | Up to 10 Square Meters | Between 10 to 20 Square Meters | Between 21 to 400 Square Meters | Above 400 Square Meters |
|---|---|---|---|---|
| A | ₹3,968 | ₹9,919 | ₹166/sqm | ₹83/sqm |
| B | ₹3,968 | ₹9,919 | ₹166/sqm | ₹83/sqm |
| C | ₹2,645 | ₹6,613 | ₹132/sqm | ₹66/sqm |
| D | ₹2,645 | ₹6,613 | ₹132/sqm | ₹66/sqm |
| E | ₹1,323 | ₹3,306 | ₹99/sqm | ₹50/sqm |
| F | ₹1,323 | ₹3,306 | ₹99/sqm | ₹50/sqm |
| G | ₹1,323 | ₹3,306 | ₹99/sqm | ₹50/sqm |
| H | ₹1,323 | ₹3,306 | ₹99/sqm | ₹50/sqm |
| Professional Fees | ₹7,500 | |||
Note: The trade license in Punjab for special categories has a different fee structure.
Learn about the penalties that the business who do not possess a trade license in Punjab, or disobey the set rules or continue to trade with an outdated trade license in Punjab may face:
Trade license in Punjab permits the entities to conduct business with other businesses and participate in commercial activities with compliance to the law. The Trade License in Punjab is important, to ensure that the entities hold credibility and the consumers can trust the business. The Trade License in Punjab is responsible to monitor the businesses and ensure legal compliance before engaging in monetary transactions including sale, purchase, or trade of commodities and services. The trade license in Punjab can be renewed once its validity of three years is over after the issuance to avoid penalties.
At Professional Utilities, we leverage our industry knowledge and expertise to help businesses navigate complex regulations, minimize risks, and optimize operations for maximum efficiency and profitability.
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Yes, the trade license in Punjab is mandatory for the entities to engage in monetary activities or deal with other businesses intended to sell and purchase or trade of goods and services otherwise the Municipal Corporations and Municipal Councils of the state will impose penalties and legal actions on them.
A Trade License in Punjab permits them to legally sell or purchase or trade commodities and services. The Trade License in Punjab is to ensure that the businesses obey the specific guidelines laid down by the authority and law to assure trust and credibility for the consumers.
The trade license in Punjab will be invalid 3 years after its issuance date and is needed to be renewed to continue the business without imposition of penalties and legal consequences by the Municipal Corporations and Municipal Councils of the state.
Firstly, you have to fill out the prescribed application form with all the required and specified details and upload the necessary documents, then pay the fees of the trade license in Punjab and submit the application, after that the Municipal Corporations and Municipal Councils of the state will issue a trade license in Punjab.
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