Trade licence is mandatory for every business that carries out trade and business in India. The process involves filing an application with municipal authority online through 3 simple steps that take 3-4 business days.
GST Application Status Once the application for GST is submitted with the government the applicant can check the status of his application through Application Reference Number(ARN) online on GST portal.
Without this license, you will not be able to import/export anything outside Indian borders since you would require the IEC Code when- An exporter is sending shipments at the Customs Port.
The applicant needs to pay a Government Fee of Rs. 200 to make any modifications/changes in the details of Import Export License after its registration.
In India, the person is expected to register his company or business and also obtain permission from the municipal authority to carry out the business in that geographical area.