Value Added Tax (VAT) is a type of sales tax. Here, the tax is collected in various stages on transactions involving sales of goods. VAT is levied only on sales of the taxable goods. Tax paid on purchases (input tax) is rebated against tax payable on sales (output tax). The businesses have to apply to the appropriate authority to obtain VAT registration.
If a business institution, who has registered for VAT, ceases to carry on business, then it shall apply to the appropriate authority for cancellation of registration. There are certain time limits involved in this matter. Do refer to the respective rules and regulations.
In case of a company, the approval of the board of directors is necessary while obtaining the VAT registration and also for cancellation of the registration. The following templates of board resolutions can be used for such VAT registration purposes.
If a business institution, who has registered for VAT, ceases to carry on business, then it shall apply to the appropriate authority for cancellation of registration. There are certain time limits involved in this matter. Do refer to the respective rules and regulations.
Specimen Board Resolution for VAT registration
#. To make an application for VAT registration
"RESOLVED THAT the consent of the Board of Directors be and is hereby accorded to get the ...................office of the company registered under the .................. Value Added Tax and the rules made thereunder in the State of ........................
FURTHER RESOLVED THAT (Name of the Officer), (Designation) and (Name of the Officer), (Designation) be and is hereby severally authorised to sign, execute, move and file necessary documents and do all the necessary action required for obtaining VAT registration in the State of .....................
FURTHER RESOLVED THAT (Name of the Officer), (Designation) and (Name of the Officer), (Designation) be and is hereby severally authorised to do all such acts, things and deeds incidental/consequential thereto including all the correspondences.
FURTHER RESOLVED THAT a copy of the resolution duly certified by the Managing Director or by any two of the Directors of the company be forwarded to the concerned authorities."
Specimen Board Resolution for Cancellation of VAT Registration
#. To make an application for cancellation of VAT registration
"RESOLVED THAT the consent of the Board of Directors be and is hereby accorded to apply to the appropriate statutory authority for cancellation of VAT registration no. ................... earlier obtained by the company for its ................... business at (address).
RESOLVED FURTHER THAT (Name of the Officer), (Designation) and (Name of the Officer), (Designation) be and is hereby severally authorised to make necessary application, file forms, sign and submit all such documents as may be required for cancellation of the VAT registration no. ................ and to do all such acts, things and deeds incidental thereto.
RESOLVED FURTHER THAT a copy of the resolution duly certified by any two of the Directors of the company or the Company Secretary be forwarded to the concerned authorities."
#. To make an application for cancellation of VAT registration
"RESOLVED THAT the consent of the Board of Directors be and is hereby accorded to apply to the appropriate statutory authority for cancellation of VAT registration no. ................... earlier obtained by the company for its ................... business at (address).
RESOLVED FURTHER THAT (Name of the Officer), (Designation) and (Name of the Officer), (Designation) be and is hereby severally authorised to make necessary application, file forms, sign and submit all such documents as may be required for cancellation of the VAT registration no. ................ and to do all such acts, things and deeds incidental thereto.
RESOLVED FURTHER THAT a copy of the resolution duly certified by any two of the Directors of the company or the Company Secretary be forwarded to the concerned authorities."
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