GST What is the objective of having a mechanism of Advance Ruling?

Discussion in 'GST (Goods & Service Tax)' started by Raju Choudhary, Apr 20, 2017.

  1. Raju Choudhary

    Raju Choudhary Active Member Staff Member

    Ans. The broad objective for setting up such an authority is to:

    i. provide certainty in tax liability in advance in relation to an activity proposed to be undertaken by the applicant;
    ii. attract Foreign Direct Investment (FDI);
    iii. reduce litigation;
    iv. pronounce ruling expeditiously in transparent and inexpensive manner.

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