GST or Goods and Services Tax is an indirect tax applicable on all goods and services sold in India. Businesses having an annual turnover of over Rs. 10 lakh in North-Eastern and Hill States and businesses having an annual turnover of over Rs.20 lakhs in all other States are required to obtain GST registration. Along with a GST Registration application, a GST Declaration approving the authorised signatory must be signed and submitted.
Reason for Signing
GST Declaration for Authorised Signatory is a document signed by the promoters of a business, authorising and nominating one person from the business as an Authorised Signatory to apply for GST registration and complete all related formalities. This format of declaration must be used by all types of applicants like Proprietorship, Partnership Firm, LLP, Company, Trust, Society, etc., Through this document, businesses containing multiple Managing Directors or Partners or Officers, declare one person as an authorised signatory and agree that all actions of the authorised signatory would be binding on the business.
In case of proprietorship firms or small businesses, the Proprietor or Sole Promoter can nominate him/herself as authorised signatory as well. In case of company, partnership firm, LLP, etc., a promoter of the business or officer or any other person in the business can be nominated as an authorised signatory.