What is Advance Ruling under GST?

What is Advance Ruling under GST?

Add Comment
2 Answer(s)

The objective of any advance ruling, including under GST is to-

  1. Provide certainty for tax liability in advance in relation to a future activity to be undertaken by the applicant
  2. Attract Foreign Direct Investment (FDI) – By clarifying taxation and showing a clear picture of the future tax liability of the FDI. The clarity and clean taxation will attract non-residents who do not want to get involved in messy tax disputes.
  3. Reduce litigation and costly legal disputes
  4. Give decisions in a timely, transparent and inexpensive mannerFor more info you can use this best essay service to having a wonderful assistant in writing and even you can get the guidelines too.
Answered on July 11, 2018.
Add Comment

Advance ruling is a decision which is taken by AAR (Authority for Advance Ruling) or Appellate Authority for Advance Ruling (AAAR) to user on questions and specified matters, Regarding the supply of goods or services or proposals made by the applicant.

Answered on June 13, 2018.
Add Comment

Your Answer

Gen GST