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Gumasta License Penalties
Gumasta license is a type of registration required to do any kind of business in Maharastra. You can be penalized with a huge fine ranging above rupees one lakh with an additional fee of 2000 per day for not registering your business with the shop act. But if you repeatedly broke laws then the fine can even raise more up to more heavy fines of 2 lakhs.
Gumasta license acts as proof of an entity that provides a right to conduct business. Several banks accept Gumasta license as an identity proof for opening business accounts. We have come across many such businesses that went bankrupt just due to these hefty fines. To save your business by registering yourself with gumasta license through us at just rupees 799. The validity of Shop act Registration is for a lifetime.