Application for GST Registration Cancellation can be submitted by taxpayer or heir to the tax authorities through online mode. This process is also known as the surrender of GST Registration or Cancellation of GST Registration. In case your business has company registration, or board members, it also needs to pass a board resolution for cancellation of GST Registration. The important information related to GST Cancellation and Board Resolution for cancellation of GST Registration is mentioned in this article.
What is a Board Resolution?
The decisions made by the Board of Directors at a meeting are documented in a document called a board resolution. It’s a legal document that lists the corporate officers and how many votes each officer has on a certain issue pertaining to the company’s well-being. In it, the minutes of the board meeting are meticulously recorded. It is typically certified by the meeting’s designated chairman and signed by all members of the board in attendance.
Importance of Board Resolution
One who holds the position of director in a firm is given substantial authority in the management of that company. Even if they were elected by shareholders, the Board of Directors poses a threat to those investors who put their trust in them if they start making bad decisions or favor their own interests over those of the company. The share price will suffer as a direct result of poor business decisions. Directors have obligations that are designed to safeguard shareholders’ interests, and one structure that meets this need is a board resolution. As a result, board resolution is also important for getting legal registrations such as GST Registration or Cancellation of GST Registration.
When can you apply for Cancellation of GST Registration?
- Company closure or operation discontinuation
- The taxpayer’s tax obligations expire.
- Transactions involving the sale, lease, or other transfer of an existing business
- Alterations to an organization’s bylaws necessitate a new PAN.
- The company voluntarily registered but did not start operations during the first six months.
- Any entity previously required to register under the GST Act is exempt from doing so.
- Death of an only single business owner
Important Note: You can also apply for Revocation of Cancellation of GST Registration in case your GST Registration is canceled by a tax officer.
Format Of Board Resolution
CERTIFIED TRUE COPY OF THE RESOLUTION PASSED AT THE MEETING OF THE BOARD OF DIRECTORS OF <NAME OF THE COMPANY>HELD AT THE REGISTERED OFFICE OF THE COMPANY AT <REGISTERED ADDRESS>ON <DATE> AT <TIME>.
The Board of Directors do hereby appoint <Name of the Director>, Director of the Company as Authorized Signatory for registration of the Company on the Goods and Service Tax (GST) System Portal and to sign and submit various document electronically and/or physically and to make applications, communications, representations, modifications or alterations on behalf of the Company before the Central GST and/or the concerned State GST authorities as and when required.
FURTHER RESOLVED THAT <Name of the Director>, Director of the Company be and is hereby authorized to represent the Company and to take necessary actions on all goods and service tax related issues including but not limited to presenting documents/records etc., on behalf of the Company liaising/representing for registration of the Company under GST and also to make any alterations, additions, corrections, to the documents, papers, forms, etc., filed with other Government authorities as and when required.
FURTHER RESOLVED THAT<Name of Director>, Director of the Company be and is hereby authorized on behalf of the company to sign the returns, documents, letters, correspondences etc. and to represent on behalf of the Company, for assessments, appeals or otherwise before the goods and service tax authorities as and when required.
CERTIFIED TRUE COPY
<NAME OF THE COMPANY>
<Name of Director>
The Online GST Cancellation Process
- Go to the official website of GST.
- Go to the services section and then click on Registration. Under this section, click on ‘Application for Cancellation of GST Registration.
- File the application along with the necessary documents.
You can consult our GST Experts on 8881-069-069 to understand and apply for the GST Cancellation Process and get the guidance on document requirements as per your business.
Last Chance for revocation of Cancellation of GST Registration!
moreover, If you want any other guidance relating to GST Return Filing or GST Registration, please feel free to talk to our business advisors at 8881-069-069.
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