{"id":260,"date":"2019-04-25T05:32:53","date_gmt":"2019-04-25T00:02:53","guid":{"rendered":"https:\/\/aktassociates.com\/blog\/?p=260"},"modified":"2019-08-30T18:04:36","modified_gmt":"2019-08-30T12:34:36","slug":"surrender-certificate-before-close-your-business","status":"publish","type":"post","link":"https:\/\/aktassociates.com\/blog\/surrender-certificate-before-close-your-business\/","title":{"rendered":"Surrender of Certificate before you close your business"},"content":{"rendered":"<p><span style=\"font-weight: 400;\">While Starting your business, you might have taken the registrations like Services tax, VAT, Excise, etc, It is mandatory to surrender these registrations before you proceed for closure.<\/span><span style=\"font-weight: 400;\">AKT Associates<\/span><span style=\"font-weight: 400;\"> will help you to close all these registrations so that letter no department bother you. Expert advice, Minimum possible cost, and peace of mind post-closure are what you can expect from us.<\/span><\/p>\n<p><img loading=\"lazy\" decoding=\"async\" class=\"size-full wp-image-708 aligncenter\" src=\"https:\/\/aktassociates.com\/blog\/wp-content\/uploads\/2019\/06\/Surrender-of-Certificate-before-you-close-your-business.jpg\" alt=\"Surrender of Certificate before you close your business\" width=\"700\" height=\"400\" srcset=\"https:\/\/aktassociates.com\/blog\/wp-content\/uploads\/2019\/06\/Surrender-of-Certificate-before-you-close-your-business.jpg 700w, https:\/\/aktassociates.com\/blog\/wp-content\/uploads\/2019\/06\/Surrender-of-Certificate-before-you-close-your-business-300x171.jpg 300w, https:\/\/aktassociates.com\/blog\/wp-content\/uploads\/2019\/06\/Surrender-of-Certificate-before-you-close-your-business-20x11.jpg 20w\" sizes=\"(max-width: 700px) 100vw, 700px\" \/><\/p>\n<p><span style=\"font-weight: 400;\">The registration you might have taken at the time of starting your business, need to be properly surrendered or canceled. Many of us believe it will automatically cancel once the business is closed. However, it is completely incorrect. If these certificates or registrations are not handled properly then either the<a href=\"https:\/\/aktassociates.com\/blog\/close-non-performing-business\/\"> business closure procedure\u00a0<\/a> can be stuck or maybe after a few years back the department sends you a notice for late filing of return and penalty for the same<\/span><b>\u00a0<\/b><\/p>\n<h2><b>Correct Procedure:-<\/b><\/h2>\n<h4><b> Ideally before the closure of any business following steps should be followed<\/b><\/h4>\n<ul>\n<li style=\"font-weight: 400;\"><b>Finalization of Accounts till the date of closure: &#8211;<\/b><span style=\"font-weight: 400;\"> We have explained this step in other article links of same is provided here <\/span><span style=\"font-weight: 400;\">winding up Ac Finalization. <\/span><span style=\"font-weight: 400;\">This step has to be done even there is no transaction for the period the only difference AKT Associates will charge the nominal fee.<\/span><\/li>\n<li style=\"font-weight: 400;\"><b>Filing of Pending Returns:- <\/b><span style=\"font-weight: 400;\">After Final a\/c is done we need to file all the pending returns like a service tax return, VAT Returns, etc. Even there is no transaction we need to file zero or NIL return.<\/span> <span style=\"font-weight: 400;\">AKT Associates<\/span><span style=\"font-weight: 400;\"> charges a nominal fee for<\/span> <span style=\"font-weight: 400;\">filing NIL Return<\/span><span style=\"font-weight: 400;\">, further reducing your cost for the closure of defunct business<\/span><\/li>\n<li style=\"font-weight: 400;\"><b>Surrender of certificates:<\/b><span style=\"font-weight: 400;\">&#8211; Once the pending return filled we can apply to concern department for surrender or cancellation of return, By submitting the specified form a, Final a\/c and copy of filed returns.<\/span><\/li>\n<li style=\"font-weight: 400;\"><b>Closure of business:<\/b><span style=\"font-weight: 400;\">&#8211; After all these procedures we will start the procedure to close the business.<\/span><\/li>\n<\/ul>\n","protected":false},"excerpt":{"rendered":"<p>While Starting your business, you might have taken the registrations like Services tax, VAT, Excise, etc, It is mandatory to &#8230; <\/p>\n<p class=\"read-more-container\"><a title=\"Surrender of Certificate before you close your business\" class=\"read-more button\" href=\"https:\/\/aktassociates.com\/blog\/surrender-certificate-before-close-your-business\/#more-260\">Read more<span class=\"screen-reader-text\">Surrender of Certificate before you close your business<\/span><\/a><\/p>\n","protected":false},"author":4,"featured_media":388,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[1],"tags":[],"acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v22.8 - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>Surrender of Certificate before you close your business AKT Associates<\/title>\n<meta name=\"description\" content=\"While Starting your business, you might have taken the registrations like Services tax, VAT, Excise, etc, It is mandatory to surrender these registrations before you proceed for closure. Read more...\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/aktassociates.com\/blog\/surrender-certificate-before-close-your-business\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Surrender of Certificate before you close your business AKT Associates\" \/>\n<meta property=\"og:description\" content=\"While Starting your business, you might have taken the registrations like Services tax, VAT, Excise, etc, It is mandatory to surrender these registrations before you proceed for closure. 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