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To avoid disputes in the assessment of tax liability, a system of Advance Rulings was introduced in the GST regime. A Taxpayer, with the help of advance ruling, can prepare themselves ahead of time for their future GST liability payments. The Authority for Advance Ruling (AAR) is a legally established body that issues the advance … Read moreAuthority For Advance Ruling (AAR) In GST
An Advance ruling is a written interpretation of the tax laws that brings certainty while determining the tax liabilities. This binds the applicant and also the Government authorities. An advance ruling is a comprehensive provision to ensure minimal disputes. Concerned authorities are also bound to adhere to timelines to pass the advance ruling and thus … Read moreAdvance Ruling in GST
