GST AMENDMENT: GOVERNMENT TO REVAMP AAR MECHANISM
Query (Issue) Started By: – myGSTzone Expert Dated:- 13-6-2018 Last Reply Date:- 13-6-2018 Goods and Services Tax – GST
Got 1 Reply
GST
The Goods and Service Tax Council has planned to make it mandatory for the Authority for Advance Rulings (AAR) to be manned by senior revenue officials. An AAR is a quasi-judicial body. The rulings bring certainty in determining tax liability that is binding on both the applicant as well as the Government Authorities. The advance ruling is inexpensive, simple and expeditious.
The Government proposed the idea to revamp the AAR by establishing either a centralized authority or four regional authorities. The aim is to avoid contradicting and conde
= = = = = = = =
Plain text (Extract) only
For full text:-Visit the Source
= = = = = = = =