Ayushi Mishra

Trade License is required for every business or trade to carry out the operations within the local municipality. A Trade license is a certificate issued by the Municipal Corporation, permitting an applicant to carry out a particular trade/business which is indicated in its application. No other rights are created out of the license, such as a claim on the property, or the ability to engage in some other activity which was not specified in the application. Trade licenses were required in order to effectively regulate businesses and ensure that no other person is severely affected due to the creation of nuisance or health hazards in the course of operation of the business. Compulsions Every State usually requires a business to apply for a license at least 30 days before commencing operations and requires the license to be prominently reviewed once obtained. How can we apply for a trade license in Delhi? A Trade license is a certificate issued by the Municipal Corporation, permitting an applicant to carry out a particular trade/business which is indicated in its application. In Delhi, Municipal Corporation of Delhi (MCD) is authorized to issue the trade license. Why we need to obtain Trade License Trade License is required to protect businesses from damages or injuries that occur the business actions or doings. The various types of trade licenses provide different kinds of protection. It ensures that the person is not carrying out any unethical business practices. A license protects the owner of the business against certain types of liability.

Drug license is an authorization granted by the authority under the Drugs and Cosmetic Act 1940 so as to perform the business of drugs/ medicines or cosmetics. The Drug license is issued through the State Drugs Standard Control Organization or the Central Drug Standard Control Organization. The government has set down stringent laws and guidelines for the manufacturing and distribution of drugs and medicines within India. The registration of Drug License and everything identified with drugs is directed by the Drugs and Cosmetics Act 1940. Control is practised over drugs from the raw material stage amid manufacture, sale, and distribution and up to the time it is given on to a patient or buyer by a Pharmacist in the retail drug store, hospital or a dispensary

GST Registration is a mandatory tax registration for all businesses who involve in buying and selling with annual sales greater than 20 lacs rupees or providing services in India. On 1st July 2017, Goods and Services Tax (GST) was introduced by the Indian government to subsume different types of State and Central level taxes such as Service Tax, Luxury tax, VAT, entertainment tax, etc. to offer a consolidated tax structure. This step is aimed to introduce much-needed tax reforms in the Indian tax structure by reducing tax complexities and making the filing of GST returns a completely online process.