Trade License in Bihar is required by all person exploit any type of thing or trade in Bihar. Under the ease of statute business Plan government of Jharkhand has devised a 1 day approbation system for Trade license in State. Under this plot Provisional Trade License is issued within 1 day and the application for trade license is processed within a maximum of 22 days. If the Trade License is not issued or rejected within 22 days, then the provisional Trade License shall be considered as final.
License improve is charged yearly exceeding the Trade License issued, the quantum of license enhance depends upon the area of office. Larger the area higher will be the license fee. Trade license taking into account issued shall be responsible to yearly license enhance unless surrendered, if the license go ahead is not deposited on time an additional fine shall be charged form the license holder for the said period. For applying Trade license in Jharkhand the applicant is required to purchase clearance from the Municipal Corporation for the use of plastic bags and other abstemious and wet wastages. Trade license is authenticated for lifetime subject to yearly license onslaught payment and can be surrendered voluntarily by the applicant taking into consideration the thing is discontinued. Department can order inspection of the premise used for thing any times during the license period. Trade License is one of the basic KYC requirement for starting a extra business in Jharkhand.
DOCUMENTS REQUIRED FOR APPLYING TRADE LICENSE IN JHARKHAND:
- PAN and Incorporation Details of the business
- Address proof of business
- KYC details of Authorized representative